South Africa’s (SA) Finance Minister Enoch Godongwana is expected to make an announcement this Tuesday regarding the extension of the temporary fuel relief that was implemented in March.<\/p>\n
That\u2019s after government reduced the fuel levy by R3 ($0.18)a litre, from May 1.<\/p>\n
Godongwana told the National Assembly last week that he\u2019s applying his mind regarding the issue of high fuel prices.<\/p>\n
The United States-Israel war on Iran has resulted in increased risks to global energy markets. This led to requests for government to extend the fuel relief for the duration of the war.<\/p>\n
Godongwana has indicated that he\u2019s considering the matter.<\/p>\n
\u201d The extension of the fuel levy, I am applying my mind to that issue at the appropriate time, because I promised South Africans that at the end of the month I would do a review after consulting the stubborn Minister Mantashe. I will probably make the necessary announcement on the 28th, on Tuesday, in that regard,\u201d says Godongwana.<\/p>\n
Those who requested the extension point to the historic revenue collection achieved by SA Revenue Service (SARS) for the 2025\/2026 financial year. While Godongwana said he\u2019s considering the review of fuel levy reduction, he cautioned that the revenue collected by SARS is less than government\u2019s expenditure.<\/p>\n
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