South Africa allocates 10 billion rand to cut fuel levies
By the AFREEQUE newsroom, based on Business Day (South Africa)
The South African government is allocating 10 billion rand for a temporary reduction in fuel levies despite rising global prices. From 4 November to 1 December, the diesel levy will be cut by 3 rand per litre and the petrol levy by 1.50 rand, according to Business Day.
South Africa’s finance minister has allocated 10 billion rand to offset rising fuel prices. The measure will cut the diesel levy by 3 rand per litre and the petrol levy by 1.50 rand per litre, from 4 November to 1 December, according to Business Day.
The relief is intended to limit the impact of higher fuel costs on households and businesses. It follows several measures announced in October to reduce fuel taxes, including 10 billion rand in support considered by Cyril Ramaphosa on 20 October and a cut extended until January 2027, announced on 21 October.
The new allocation is part of the government’s efforts to contain the effects of rising pump prices, with diesel receiving the largest reduction, according to Business Day.
