Motorists will receive further assistance from Government, as from June, to ease the financial pressure brought on by the drastic increase in oil and fuel prices.
Finance Minister, Enoch Godongwana yesterday announced the first of these measures – the reduction of the general fuel levy by R1.50 per litre of fuel – which comes into effect on Wednesday.
He said Treasury would also, in two months, introduce a price cap on 93 octane petrol which would allow retailers to sell fuel below the regulated prices.
He says these additional relief measures will come into effect in the first week of June 2022.
Watch his full announcement here.
- Relief on its way for motorists: reduction of the general fuel levy by R1.50.
- Motorists in Bellville CBD to pay for parking again as from 1 April.
Minister of Finance Enoch Godongwana's full speech, and the joint media statement on the short-term relief measures to address fuel price increases, are now available on the National Treasury website: https://t.co/5wDMcj9opv #FuelPriceRelief #FuelPrices pic.twitter.com/QviVJJSvSG
— National Treasury (@TreasuryRSA) March 31, 2022