Report Coverage
This report provides a comprehensive overview of South Africa’s petroleum industry, covering upstream exploration prospects and regulatory developments, midstream refining capacity and import logistics, and downstream retail and distribution dynamics. It examines structural shifts driven by refinery closures, rising import dependence, and evolving fuel standards, and assesses opportunities in sustainable aviation fuel and alternative energy technologies, as well as the industry’s role in the broader energy transition. More than sixty companies are profiled, including Sasol South Africa, Astron Energy, BP Southern Africa, Shell Downstream South Africa, Engen Petroleum, TotalEnergies Marketing South Africa, Totalgaz Southern Africa, Vivo Energy South Africa, and the newly established state-owned South African National Petroleum Company.
Introduction
• Structural shifts in the industry are being driven by reduced domestic refining capacity, deepening South Africa’s dependence on imported petroleum products. This reliance has been laid bare by the global oil crisis sparked by conflict in the Middle East, exposing vulnerabilities in supply stability and pricing.
• Despite weaker refining activity, the sector remains a major contributor to national manufacturing output and retail trade revenue. This is underpinned by sustained demand from freight transport, mining, industrial activity, aviation and diesel-powered backup generation.
• Overall fuel sales were estimated at R588.6bn in 2025, up 15.5% on R509.6bn in 2024. Retail fuel sales accounted for approximately 42% of total industry sales, amounting to R247.5bn in 2025, down 11.6% from R279.9bn in 2024, when retail sales contributed approximately 55% of total fuel sales. The latest aggregated petroleum manufacturing sales totalled R605.6bn in 2024, down 4.6% from R634.8bn recorded in the previous year, while still accounting for 14.8% of total South African manufacturing revenue.
• There has been notable investment and divestment activity across the industry. Key developments include refinery upgrade projects, expansion of fuel import and storage infrastructure, growth in logistics and terminal capacity, and portfolio restructuring by multinational oil companies in response to shifting global energy market conditions and mounting decarbonisation pressures.
• Government support for the industry continues through policy initiatives such as the Integrated Resource Plan, the proposed Gas Master Plan, and the Upstream Petroleum Resources Development Act. In addition, the establishment of the state-owned South African National Petroleum Company aims to strengthen long-term fuel security, support gas infrastructure development, encourage upstream exploration and investment, and modernise the industry.
Trends
• An emerging energy transition is reshaping South Africa’s petroleum landscape, with rising investment in renewables, LNG, and electrification gradually shifting the sector away from traditional fossil fuel dependence.
• Green hydrogen is emerging as a future industry, with pilot projects, export oriented production plans, and policy support positioning it as a potential cornerstone of South Africa’s long term energy transition and global decarbonisation strategy.
• International oil majors are divesting from South Africa’s downstream petroleum sector, exiting refining and retail assets and opening space for regional firms, traders, and infrastructure operators to reshape market ownership.
• Liquefied natural gas (LNG) and gas to power initiatives are expanding rapidly, with new import terminals, regasification hubs, and power projects positioning gas as a transitional fuel to support energy security and diversify South Africa’s generation mix.
• Offshore gas discoveries are reshaping South Africa’s energy outlook, with exploration successes in basins such as the Orange and Outeniqua signalling rising potential to diversify supply and attract investment into the upstream sector.
• Ongoing regulatory restructuring and policy evolution are reshaping South Africa’s petroleum sector, with amendments to licensing, compliance, product standards, and distribution frameworks redefining the operating environment.
• Petrol stations are increasingly transforming into multi service retail hubs, integrating convenience stores, quick service food outlets, and early stage EV charging facilities to diversify revenue streams and reduce reliance on fuel sales.
• South Africa is experiencing expansion and modernisation of storage, logistics, and port infrastructure, as coastal hubs are repurposed to handle rising import volumes and ensure resilience in fuel distribution to inland demand centres.
• South Africa’s petroleum sector is shifting toward growing import dependence, as declining local refining capacity increases reliance on foreign refined products to meet domestic demand.
• Supply chains in the petroleum sector are diversifying, with imports sourced from a wider range of regions and greater reliance on multiple logistics channels to mitigate geopolitical risks, market volatility, and infrastructure constraints.
• The conversion of some refineries into storage and import terminals is reorienting South Africa’s petroleum industry towards logistics and distribution.
• The state is assuming an increasingly prominent role in South Africa’s petroleum sector, through ownership transfers, regulatory oversight, and strategic infrastructure investment.
Opportunities
• Alternative fuels and new energy technologies offer diversification opportunities.
• Industry B-BBEE investments provide an opportunity to unlock new growth through inclusive ownership structures.
• Renewed upstream exploration offers the petroleum industry the opportunity to unlock new reserves, attract foreign investment, and strengthen South Africa’s long term energy security.
• Specialised logistics and business-to-business service providers can provide tailored solutions for companies with time critical, high value, or regulated transport needs.
• Sustainable aviation fuel represents a high growth opportunity for South Africa to leverage its Fischer Tropsch expertise and position itself as a global supplier of low carbon aviation fuels.
• The move toward cleaner fuels and the broader energy transition offers the petroleum industry a chance to modernise operations, align with global standards, and capture new markets.
• The retail segment offers significant growth potential for petroleum companies, as forecourts evolve into multi service hubs that combine fuel sales with convenience retail, food services, and early stage EV charging solutions.
• The shift toward an import driven petroleum system creates a strategic opportunity for the industry to invest in modern terminals, storage facilities, and logistics networks, positioning South Africa as a regional hub for fuel trade and distribution.
Challenges
• Declining refining capacity.
• Dependence on fuel imports.
• Divestment by major oil companies.
• Energy security concerns.
• Environmental opposition to exploration projects.
• Fuel price volatility and high cost pressures.
• Geopolitical risks and associated supply and price disruptions.
• Infrastructure constraints.
• Low profitability in the retail sector.
• Political interference and poor oversight in state-owned companies.
• Regulatory uncertainty and delayed implementation.
• Renewable energy transition risks.
• Skills shortages.
• Slow gas infrastructure development.
Outlook
• The outlook for South Africa’s petroleum industry remains cautiously positive in the short to medium term, despite significant structural and strategic challenges.
• Petroleum products continue to play a critical role in the economy, notably in transport and logistics, agriculture, and backup power generation. Demand for diesel is expected to remain particularly resilient, driven by the country’s reliance on road freight transport and diesel generators during periods of electricity instability.
• However, the industry is undergoing a major shift as reduced domestic refining capacity increases dependence on imported refined fuels. This has heightened exposure to global oil price volatility, exchange-rate fluctuations, shipping disruptions and geopolitical risks, particularly those affecting Middle Eastern supply routes. Fuel security is becoming increasingly tied to international market conditions rather than domestic production capacity.
• Despite these challenges, the government continues to support long-term sector development through key policy and institutional reforms. Future investment is expected to shift away from large-scale refining toward import terminals, storage facilities, pipelines, logistics infrastructure and strategic reserves.
• Environmental regulation, carbon taxes, and global decarbonisation pressures are accelerating investment in cleaner fuels, gas infrastructure, liquefied natural gas (LNG), hydrogen, and the integration of renewable energy. While electric vehicles and the global energy transition are expected to gradually reduce long-term oil demand, the pace of change in South Africa is likely to be slower than in developed economies due to infrastructure constraints, affordability pressures and continued reliance on fossil fuels.
• The industry is expected to remain strategically important for decades, but will increasingly evolve into a more import-dependent, logistics-driven and energy-transition-oriented system.
Full Report
R 20 000.00(ZAR) estimated $1208.82 (USD)*
Industry Landscape
R 14 000.00(ZAR) estimated $ 846.17 (USD)*
Industry Organogram
R 450.00(ZAR) estimated $ 27.20 (USD)*
Historical Reports
The Petroleum Industry in South Africa 2024-07-23
R 9 500.00(ZAR) estimated $574.19 (USD)*
View Report Add to CartThe Petroleum Industry in South Africa 2022-07-11
R 1 900.00(ZAR) estimated $114.84 (USD)*
View Report Add to CartThe Petroleum Industry in South Africa 2021-04-13
R 1 900.00(ZAR) estimated $114.84 (USD)*
View Report Add to CartThe Petroleum Industry in South Africa 2019-07-31
R 1 900.00(ZAR) estimated $114.84 (USD)*
View Report Add to CartThe Petroleum Industry in South Africa 2018-05-23
R 1 900.00(ZAR) estimated $114.84 (USD)*
View Report Add to CartThe Petroleum Industry in South Africa 2016-12-05
R 1 900.00(ZAR) estimated $114.84 (USD)*
View Report Add to CartThe Petroleum Industry in South Africa 2015-07-30
R 1 900.00(ZAR) estimated $114.84 (USD)*
View Report Add to CartThe Petroleum Industry in South Africa 2015-06-30
R 1 900.00(ZAR) estimated $114.84 (USD)*
View Report Add to CartTable of Contents
[ Close ]| PAGE | ||
|---|---|---|
| 1. | INTRODUCTION | 1 |
| 2. | DESCRIPTION OF THE INDUSTRY | 2 |
| 2.1. | Industry Value Chain | 11 |
| 2.2. | Geographic Position | 13 |
| 2.3. | Size of the Industry | 16 |
| 3. | LOCAL | 41 |
| 3.1. | State of the Industry | 41 |
| 3.2. | Key Trends | 66 |
| 3.3. | Key Issues | 67 |
| 3.4. | Notable Players | 68 |
| 3.5. | Trade | 75 |
| 3.6. | Corporate Actions | 80 |
| 3.7. | Regulations | 85 |
| 3.8. | Enterprise Development and Social Development | 89 |
| 4. | AFRICA | 91 |
| 5. | INTERNATIONAL | 102 |
| 6. | INFLUENCING FACTORS | 115 |
| 6.1. | Unforeseen Events | 115 |
| 6.2. | Economic Environment | 116 |
| 6.3. | Labour | 118 |
| 6.4. | Environmental Issues | 121 |
| 6.5. | Technology, R&D and Innovation | 123 |
| 6.6. | Government Support | 124 |
| 6.7. | Fuel Prices | 125 |
| 6.8. | Illicit Fuel Trade | 126 |
| 6.9. | Input Costs | 127 |
| 7. | COMPETITIVE ENVIRONMENT | 128 |
| 7.1. | Competition | 128 |
| 7.2. | Ownership Structure of the Industry | 130 |
| 7.3. | Barriers to Entry | 131 |
| 8. | INDUSTRY SUMMARY | 133 |
| 9. | OUTLOOK | 135 |
| 10. | INDUSTRY ASSOCIATIONS | 136 |
| 11. | REFERENCES | 137 |
| 11.1. | Publications | 137 |
| 11.2. | Websites | 139 |
| ANNEXURE 1 - Industry Legislation and Regulations | 141 | |
| APPENDIX 1 – Refiners, Processors, Wholesalers and Retailers | 155 | |
| APPENDIX 2 – Lubricating Oils and Greases, Primarily from Other Organic Products | 162 | |
| APPENDIX 3 – Other Petroleum / Synthesised Products N.E.C. | 163 | |
| COMPANY PROFILES – Refiners, Processors, Wholesalers and Retailers | 165 | |
| AFRICAN GROUP LUBRICANTS (PTY) LTD | 165 | |
| AFRICAN OXYGEN (PTY) LTD | 167 | |
| ASTRON ENERGY (PTY) LTD | 172 | |
| AVEDIA ENERGY (PTY) LTD | 175 | |
| BLENDCOR (PTY) LTD | 177 | |
| BLUE CHIP LUBRICANTS (PTY) LTD | 179 | |
| BP SOUTHERN AFRICA (PTY) LTD | 181 | |
| DEOJAY PETROLEUM KZN (PTY) LTD | 184 | |
| DIESEL SUPPLY LOGISTICS (PTY) LTD | 186 | |
| EASIGAS (PTY) LTD | 188 | |
| ECON OIL AND ENERGY (PTY) LTD | 191 | |
| ELEGANT FUEL (PTY) LTD | 193 | |
| ENGEN PETROLEUM (PTY) LTD | 195 | |
| FPS BULK DIESEL (PTY) LTD | 199 | |
| FUCHS LUBRICANTS SOUTH AFRICA (PTY) LTD | 200 | |
| G U D HOLDINGS (PTY) LTD | 202 | |
| GERM AFRICA (PTY) LTD | 205 | |
| GULFSTREAM ENERGY (PTY) LTD | 207 | |
| HAMMERTONE FUELS (PTY) LTD | 209 | |
| HANDR SOUTH AFRICA (PTY) LTD | 211 | |
| MAKWANDE ENERGY TRADING (PTY) LTD | 213 | |
| MASANA PETROLEUM SOLUTIONS (PTY) LTD | 214 | |
| MDUBANE ENERGY SERVICES (PTY) LTD | 216 | |
| MOTOLUBE (PTY) LTD | 218 | |
| NATIONAL PETROLEUM REFINERS OF SOUTH AFRICA (PTY) LTD | 220 | |
| ORYX GAS SOUTH AFRICA (PTY) LTD | 222 | |
| PETREDEC LPG SOUTH AFRICA (PTY) LTD | 224 | |
| PETREFUEL (PTY) LTD | 225 | |
| PETREGAZ SOUTH AFRICA (PTY) LTD | 227 | |
| PETROLEUM MARKETING ORGANIZATION (PTY) LTD | 228 | |
| PETROLEUM OIL AND GAS CORPORATION OF SOUTH AFRICA SOC LTD (THE) | 230 | |
| PISTON POWER CHEMICALS (PTY) LTD | 234 | |
| PRIMAGAS CC | 236 | |
| PUMA ENERGY SOUTH AFRICA (PTY) LTD | 238 | |
| Q4 FUEL (PTY) LTD | 240 | |
| QUANTUM ENERGY CC | 242 | |
| ROYALE ENERGY (PTY) LTD | 244 | |
| SASOL SOUTH AFRICA LTD | 246 | |
| SEBOKENG FUELS (PTY) LTD | 250 | |
| SHELL DOWNSTREAM SOUTH AFRICA (PTY) LTD | 252 | |
| SLG (PTY) LTD | 254 | |
| SOUTH AFRICAN NATIONAL PETROLEUM COMPANY SOC LTD | 256 | |
| SPANJAARD (PTY) LTD | 258 | |
| SUNBIRD ENERGY HOLDINGS (PTY) LTD | 261 | |
| TIPUBLOX (PTY) LTD | 262 | |
| TOSAS (PTY) LTD | 263 | |
| TOTALENERGIES MARKETING SOUTH AFRICA (PTY) LTD | 265 | |
| TOTALGAZ SOUTHERN AFRICA (PTY) LTD | 270 | |
| TWM PETROLEUM SERVICES (PTY) LTD | 272 | |
| VAAL TRUCK INN (PTY) LTD | 273 | |
| VALSAR PETROLEUM (PTY) LTD | 275 | |
| VIVO ENERGY SOUTH AFRICA (PTY) LTD | 276 | |
| ZAS PETROLEUM (PTY) LTD | 278 | |
| COMPANY PROFILES – Lubricating Oils and Greases, Primarily from other Organic Products | 279 | |
| ABF SUGAR (PTY) LTD | 279 | |
| TONGAAT HULETT LTD | 282 | |
| COMPANY PROFILES - Other Petroleum / Synthesised Products N.E.C. | 287 | |
| AFRICAN WAX (PTY) LTD | 287 | |
| BANZI TRADE 39 (PTY) LTD | 288 | |
| D H BROTHERS INDUSTRIES (PTY) LTD | 290 | |
| GN PEARSON | 293 | |
| GOLDENGLO CANDLE AND SOAP MANUFACTURERS (PTY) LTD | 295 | |
| HANDR SOUTH AFRICA (PTY) LTD | 297 | |
| JARS GALORE (PTY) LTD | 299 | |
| KAPULA CANDLES SOUTH AFRICA (PTY) LTD | 301 | |
| LION MATCH PRODUCTS (PTY) LTD | 303 | |
| NATIONAL CANDLE AND WAX (PTY) LTD | 305 | |
| SASOL SOUTH AFRICA LTD | 306 |

