Massive overhaul for South Africa’s petrol price slate levy

• The proposed change will allow fuel importers to retain some of the tax paid when global petroleum product prices fluctuate.
• The new regulations aim to protect importers and wholesalers from temporary losses, which would be reimbursed by the Central Energy Fund (CEF) if the retained funds exceed a certain threshold.
• If implemented, the changes could provide relief to fuel suppliers affected by the ongoing conflict in the Middle East and help stabilize oil prices.