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South Africa Extends Fuel Price Relief Amid Inflation Surge

4/18/2026

Summary

Story summary

South Africa's government plans to extend fuel price relief at a cost of between 10 billion and 12 billion rand.
Gina Schoeman (Citi economist) noted a potential staggered reduction of the fuel price levy for one to two months.
More than 140 petrol stations are struggling to meet demand amid record price hikes.
Finance Minister Enoch Godongwana has cut the fuel levy by 3 rand per litre and is exploring stable fuel imports from Nigeria.
An oil price surge linked to tensions in the Strait of Hormuz is expected to raise inflation, with a projection of 4.3% in April.

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Story summary

South Africa's government plans to extend fuel price relief at a cost of between 10 billion and 12 billion rand.
Gina Schoeman (Citi economist) noted a potential staggered reduction of the fuel price levy for one to two months.
More than 140 petrol stations are struggling to meet demand amid record price hikes.
Finance Minister Enoch Godongwana has cut the fuel levy by 3 rand per litre and is exploring stable fuel imports from Nigeria.
An oil price surge linked to tensions in the Strait of Hormuz is expected to raise inflation, with a projection of 4.3% in April.