[BREAKING] Finance Minister Enoch Godongwana has announced a temporary cut to the fuel levy, reducing the levy by R3 per litre on diesel and R1 ... Show more
Key FactsGodongwana announces another temporary fuel levy cut
Oct 21, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: timeslive.co.za
Summary created with AI assistance · Source: timeslive.co.za
- From November 4 to December, cuts are R3/l for diesel and R1.50/l for petrol, then R1.50/l and R1/l through January 5, 2027.
- The MTBPS puts the relief at R10bn, with an equal R10bn in foregone revenue.
- To fund the relief, R10bn is to be returned from the Central Energy Fund to the National Revenue Fund and placed in the Contingency Reserve.
- National Treasury director-general Duncan Pieterse said fuel-levy revenue for 2026/27 would be R30bn below the previous forecast because of relief and consumer behaviour changes.
“We don’t have an instrument to recover whatever money we forfeit. We pray.”— Enoch Godongwana, finance minister, speaking to reporters before presenting the medium-term budget policy statement about revenue lost through fuel levy relief.
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