Back to today’s briefing

Story perspectives

South Africa Cuts Fuel Levy Amid Rising Petrol Prices

4/1/2026

28 4 Full Breakdown

Center

Godongwana Cuts Levy

South Africa will reduce its fuel levy by 3 rand per liter for one month, announced by Finance Minister Enoch Godongwana, to curb Iran-linked price pressures.
The measure will cost about 6 billion rand in lost revenue because the government plans to recoup funds through other mechanisms.
Petrol prices are expected to rise 15% and diesel 40% in April despite the levy cut, with officials warning about potential supply effects.

Left

Africa Faces Fuel Crisis

The ongoing Middle East conflict is driving fuel prices higher across Africa.
In Nigeria, prices rose to 1,350 naira per liter (about $0.99) since February 28, up nearly 35%.
South Africa and Kenya seek alternative fuel supplies as South Africa's diesel-dependent industries panic-buy.
Dangote Refinery in Nigeria has begun exporting refined products, but experts warn it may not meet rising demand if crude supplies are disrupted.

1 of 2

Godongwana Cuts Levy

South Africa will reduce its fuel levy by 3 rand per liter for one month, announced by Finance Minister Enoch Godongwana, to curb Iran-linked price pressures.
The measure will cost about 6 billion rand in lost revenue because the government plans to recoup funds through other mechanisms.
Petrol prices are expected to rise 15% and diesel 40% in April despite the levy cut, with officials warning about potential supply effects.

1 / 2