Finance Minister Enoch Godongwana has announced another round of fuel price relief, through cutting fuel levies from 4 November.<\/p>\n\n\n\n
The minister announced that the fuel levy will be temporarily reduced by R3 per litre for diesel and R1.50 per litre for petrol from 4 November 2026 up until 1 December 2026.<\/p>\n\n\n\n
Thereafter, the relief will continue at a lower amount until 5 January 2027. <\/p>\n\n\n\n
The diesel levy will be reduced by R1.50 per litre, and the petrol levy by R1 per litre.<\/p>\n\n\n\n
“These measures will provide R10 billion in support, at a fiscal cost of R10 billion in foregone revenue,” Godongwana said.<\/p>\n\n\n\n
To fund the relief, the R10 billion that was transferred to the Central Energy Fund will be returned to the National Revenue Fund and put into the Contingency Reserve.<\/p>\n\n\n\n
“This intervention will help ease cost-of-living pressures without compromising the sustainability of the budget,” the finance minister said.<\/p>\n\n\n\n
The relief follows months of significant price hikes in petrol and diesel, with another large increase lined up for November.<\/p>\n\n\n\n
Central Energy Fund data through 20 October indicates average under-recoveries of approximately R1.52\/litre for petrol 95 and R1.25\/litre for diesel.<\/p>\n\n\n\n
Petrol and diesel prices hit record highs in October, after a R3.33 hike took petrol to over R30 per litre for the first time.<\/p>\n\n\n\n
The coming relief to prices follows a similar move by the Treasury earlier this year, where it cut R3 per litre from the general fuel levy in April.<\/p>\n\n\n\n
While the relief from Treasury will be welcomed by consumers and various groups that have been calling for it, fuel prices remain extremely elevated.<\/p>\n\n\n\n
Notably, at current recovery levels, the November relief is not enough to fully eliminate the under-recovery in petrol, with 2 cents per litre still in the red.<\/p>\n\n\n\n
Put another way, if the current recovery levels persist\u2014or get worse\u2014petrol prices are still headed for another record high.<\/p>\n\n\n\n
The picture for diesel is much better, with the R3 per litre relief seen swinging what was to be a price hike into a price cut.<\/p>\n\n\n\n Another point worth noting is that petrol prices are still well over R10 per litre higher than before the US-Iran War broke out in February\/March.<\/p>\n\n\n\n Diesel prices are more than R13 per litre higher over the same period, with the coming relief factored in.<\/p>\n\n\n\n Finance Minister Enoch Godongwana has announced another round of temporary fuel price relief for the country.<\/p>\n","protected":false},"author":10,"featured_media":855404,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"posted","_sma_x_autopost_error":"","_sma_x_post_id":"2112879584521654338","_sma_facebook_post_id":"191437357620492_2244368389716893","_sma_instagram_post_id":"18067701266619510","_sma_x_attempts":1,"footnotes":""},"categories":[13716],"tags":[1629,17448,26875],"class_list":["post-880760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budget-speech","tag-budget","tag-enoch-godongwana","tag-mtbps-2026"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/880760","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=880760"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/880760\/revisions"}],"predecessor-version":[{"id":880793,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/880760\/revisions\/880793"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/855404"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=880760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=880760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=880760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Month<\/th> Petrol 95
Price<\/th>Diesel 0.005%
Price (wholesale)<\/th><\/tr><\/thead>March 2026 <\/td> R20.30<\/td> R18.60<\/td><\/tr> April 2026<\/td> R23.36<\/td> R26.11<\/td><\/tr> May 2026<\/td> R26.63<\/td> R31.88<\/td><\/tr> June 2026<\/td> R28.06 <\/td> R29.26<\/td><\/tr> July 2026<\/td> R26.10<\/td> R25.67<\/td><\/tr> August 2026<\/td> R25.58<\/td> R26.90<\/td><\/tr> September 2026<\/td> R26.92<\/td> R30.05<\/td><\/tr> October 2026<\/td> R30.25<\/em><\/strong><\/mark>
(current record)<\/td>R33.29<\/em><\/strong><\/mark>
(current record)<\/td><\/tr>November 2025 (CEF Recovery)<\/td> +R1.52<\/em><\/td> +R1.24<\/em><\/td><\/tr> November 2026 (NT relief)<\/td> -R1.50<\/em><\/td> -R3.00<\/em><\/td><\/tr> November (projected)<\/em><\/strong><\/td> R30.27<\/em><\/strong><\/td> R31.53<\/em><\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n Post-Iran War price adjustments<\/h2>\n\n\n\n
Month<\/th> Petrol 95<\/th> Diesel 0.005%<\/th><\/tr><\/thead> March<\/td> +R0.20<\/mark><\/td> +R0.65<\/mark><\/td><\/tr> April<\/td> +R3.06<\/mark><\/td> +R7.51<\/mark><\/td><\/tr> May<\/td> +R3.27<\/mark><\/td> +R5.27<\/mark><\/td><\/tr> June<\/td> +R1.43<\/mark><\/td> -R2.62<\/mark><\/td><\/tr> July<\/td> -R1.96<\/mark><\/td> -R3.59<\/mark><\/td><\/tr> August<\/td> -R0.52<\/mark><\/td> +R1.23<\/mark><\/td><\/tr> September<\/td> +R1.34<\/mark><\/td> +R3.15<\/mark><\/td><\/tr> October<\/td> +R3.33<\/mark><\/td> +R3.24<\/mark><\/td><\/tr> Total difference<\/strong><\/td> +R10.15<\/strong><\/td> +R14.84<\/strong><\/td><\/tr> November (CEF recoveries)<\/td> +R1.52<\/em><\/td> +R1.24<\/em><\/td><\/tr> November (NT relief)<\/td> -R1.50<\/em><\/td> -R3.00<\/td><\/tr> November (projected)<\/td> +R0.02<\/em><\/td> -R1.21<\/em><\/td><\/tr> Total projected difference<\/em><\/strong><\/td> +R10.17<\/strong><\/em><\/td> +R13.63<\/em><\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"