South African Parliament advances R10 billion fuel plan
By the AFREEQUE newsroom, based on IOL
South Africa’s Parliament has taken a step towards considering a R10 billion aid plan intended to stabilise petrol and diesel prices. The funding must be debated by the National Assembly, as petrol could rise by a further about R1.80 per litre in November, reports IOL.
The standing committee on appropriations of South Africa’s National Assembly adopted its report on the second Special Appropriation Bill on 8 October 2026, bringing a R10 billion allocation intended to ease rising fuel prices closer to parliamentary debate. The Bill provides for the funds to be allocated to the Central Energy Fund’s Equalisation Fund, according to IOL.
The money is intended to fund measures to stabilise petrol and diesel prices amid volatility. The adoption of the report paves the way for the National Assembly to consider the Bill, but does not guarantee a fall in pump prices, reports IOL.
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Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
