Fuel levy relief extended for two months
Motorists will not have to contend with R25/litre fuel prices just yet
AS motorists queued at filling stations in anticipation of tomorrow’s (Wednesday) fuel price hikes, Treasury announced the temporary reduction in the General Fuel Levy would be extended by two months.
The fuel levy relief of R1.50 per litre, which came into effect in April and was set to come to an end today (Tuesday), would have resulted in petrol price increases of close to R4 per litre, and pushed prices of 95 octane unleaded petrol (ULP) to above R25 per litre next month.
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Finance Minister Enoch Godongwana today submitted a letter to the Speaker of the National Assembly, requesting the tabling of a two-month proposal for the fuel levy relief.
‘This will take the form of a continuation of the relief of R1.50 per litre for the first month, from 1 June to 6 July 2022, and then a downward adjustment to the relief for the second month, to 75c per litre from 7 July to 2 August.
‘The temporary relief will be withdrawn from 3 August,’ Treasury said in a statement.
‘Government will also take further measures to help reduce fuel prices in a more sustainable manner.
‘From 1 June, the Department of Mineral Resources and Energy (DMRE) will remove the demand side management levy of 10c per litre that has been applied to inland 95 ULP.
‘After a review and consultation by the DMRE, it is proposed that the basic fuel price also be decreased by 3 cents per litre in the coming months.’
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