economy

April 2, 2026

South Africa cuts fuel levy to ease petrol prices as global oil surge hits

South Africa has cut the fuel levy by $0.16 per liter to ease petrol prices as oil surges above $100, offering temporary relief to consumers.

South Africa cuts fuel levy to ease petrol prices as global oil surge hits

TL;DR

  • South Africa's government is temporarily cutting the general fuel levy by R3 ($0.16) per liter.
  • The reduction will be in effect from April 1 to May 5.
  • Petrol levies will decrease to R1.10 ($0.06) and diesel to R0.93 ($0.05) per liter.
  • The intervention is expected to cost the state around R6 billion ($320 million) in lost revenue.
  • The decision is a response to surging global energy prices, partly driven by conflict in the Middle East.
  • Officials urged motorists and businesses to avoid panic buying despite concerns about supply.

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