Finance Minister Enoch Godongwana has announced an extension of the R3 per litre fuel levy reduction for petrol, which will now remain in place until June.
In a further move to support key sectors, government has also introduced relief for diesel, effectively reducing the diesel levy to zero through a R3.93 per litre adjustment.
The decision comes as motorists brace for steep fuel price increases. According to the Central Energy Fund (CEF), diesel prices could rise by more than R5 per litre, while petrol is expected to increase by over R2 per litre in early May.
Government says the temporary relief aims to cushion consumers and businesses from rising costs driven by global oil price volatility.
The spike in fuel prices has been linked to ongoing geopolitical tensions in the Middle East, which have pushed oil prices higher and placed pressure on local fuel costs.
By reducing levies, National Treasury is attempting to limit the knock-on effects on inflation and protect the broader economy from the full impact of the increases.
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