US EditionSouth Africa Extends Fuel Tax Cuts to Cushion Iran War Impact
Finance Minister Enoch Godongwana said the measure will cost R17.2 billion and be funded by higher tax revenue and underspending.
- On Tuesday, Finance Minister Enoch Godongwana announced the government is extending fuel levy relief for petrol through June 2, 2026, maintaining the R3 per litre reduction to buffer motorists against rising costs.
- Government introduced the R3 per litre petrol levy reduction in April to counter surging oil prices and a weakening rand resulting from the ongoing conflict in the Middle East.
- From May 6, diesel users will receive increased relief of R3.93 per litre, effectively reducing the general levy to zero, at an estimated cost of R17.2 billion in foregone tax revenue.
- Treasury confirmed the relief will be halved in June before phasing out completely in July, while officials adjust the 'Self Adjusting Slate' levy for petroleum importers.
- The Department of Mineral and Petroleum Resources is reviewing fuel price mechanisms for completion next year, while the DA urges the Finance Minister to maintain relief efforts using government processes.
19 Articles
19 Articles
GOOD news for SA's motorists as fuel levy relief extended to JUNE
The temporary reduction in the general fuel levy introduced by government that was due to come to an end in early May, has been extended to June, the National Treasury and Department of Mineral and Petroleum Resources said on Tuesday.“To provide further relief and to address concerns of higher inflation and negative impacts on economic growth due to increasing fuel prices, the following relief measures are proposed for May and June 2026,” the de…
Treasury announces extension of short-term fuel relief measures
Key topics:Govt extends fuel levy cut to ease rising fuel pricesDiesel levy cut to zero; phased relief planned by JuneR17.2bn cost; recovery planned to keep budget neutralSign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox every morning on weekdays. Register here.Support South Africa's bastion of independent journalism, offering balanced insights…
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