R32.27<\/em><\/strong><\/mark><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\nNo relief from Treasury<\/h2>\n\n\n\n
The trajectory for fuel prices in October has led to calls for the National Treasury to step in once again to shield motorists from the pain to come.<\/p>\n\n\n\n
National Treasury intervened with fuel prices in April, where it cut R3.00 per litre from the general fuel levy to spare motorists from R6 and R10 per litre hikes in petrol and diesel.<\/p>\n\n\n\n
Without the intervention, petrol prices would have been hiked to R29.63 per litre\u2014even higher than the October projection.<\/p>\n\n\n\n
Unions and civil action groups have called on Finance Minister Enoch Godongwana to take similar action to shield drivers once again.<\/p>\n\n\n\n
Godongwana has addressed the concerns, noting that the government cannot disrupt the budget to shield consumers from every shock they face.<\/p>\n\n\n\n
While not explicitly ruling out intervention, the minister said that any government intervention will come with a trade-off.<\/p>\n\n\n\n
With the April relief, the fuel levy cuts over the period came at a ‘cost’ to the fiscus of over R17 billion in lost revenue.<\/p>\n\n\n\n
These losses would have to be collected elsewhere to ensure the budget remains balanced.<\/p>\n\n\n\n
Godongwana noted that the shortfall would be funded through a combination of higher-than-expected tax revenue and underspending by government departments.<\/p>\n\n\n\n
For October, he said that for the government to provide additional relief to consumers now, the cost would have to be weighed against the impact on other spending priorities, taxation, and government borrowing.<\/p>\n\n\n\n
\u201cAny further intervention would need to balance immediate relief to households and businesses against the severity and duration of the shock and available fiscal space, while preserving fiscal sustainability,\u201d he said.<\/p>\n\n\n\n
\u201cGovernment cannot fully insulate consumers from a sustained increase in international oil prices, particularly as South Africa is a net importer of crude oil and petroleum products.”<\/p>\n","protected":false},"excerpt":{"rendered":"
The trajectory for petrol prices in South Africa is worsening, with the latest recovery data from the CEF pointing to levels above R29\/litre in October.<\/p>\n","protected":false},"author":10,"featured_media":855633,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"failed","_sma_x_autopost_error":"Instagram publishing failed: Instagram returned HTTP 400: Media ID is not available","_sma_x_post_id":"2099439022120505838","_sma_facebook_post_id":"191437357620492_2205149650305434","_sma_instagram_post_id":"","_sma_x_attempts":1,"footnotes":""},"categories":[9874],"tags":[8995,2923],"class_list":["post-875288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-cef","tag-petrol-prices"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/875288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=875288"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/875288\/revisions"}],"predecessor-version":[{"id":875296,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/875288\/revisions\/875296"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/855633"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=875288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=875288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=875288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/09\/Petrol-price-recovery-11-Sept.jpg\")
<\/a><\/figure>\n\n\n\n