Godongwana’s R10 billion petrol price relief sees prices fall by 1 cent per litre

• The fuel levy relief announced by the Finance Minister resulted in a 1 cent per litre price reduction for petrol.
• The relief measures will cost the government R10 billion in tax revenue and will run until January 2027.
• The relief is funded from R10 billion previously transferred to the Central Energy Fund, which will be returned to the National Treasury and placed into the contingency reserve.