FUEL PRICES TO SAY STABLE

Fuel taxes are set to increase for the first time in three years today, but thankfully a stronger rand will shield South African motorists from fuel price hikes in today’s fuel price adjustment. 

Petrol was looking set for a decrease of around 20 cents per litre, but with the 16 cent hike in the General Fuel Levy (GFL) set to take effect, a reduction of about four cents is on the cards on the current R20.60 a litre price innie Kaap 

Meanwhile diesel, whose over-recovery for the month pointed to a 51 cent decrease, now looks set to come down by 36 cents following the 15 cent levy hike for that fuel type.

A stronger rand outweighed marginally weaker international oil prices to create over-recoveries for both petrol and diesel. 

However, any further strengthening of oil prices in the coming months will lead to South Africans feeling the pinch of the heavy tax burden that fuel carries.

The 2025 levy increase will see the total tax on petrol rising to R6.37, including the R2.18 Road Accident Fund levy.

Finance Minister Enoch Godongwana raised the General Fuel Levy, and announced various government expenditure cuts, in his third Budget Speech that was proposed on May 21.

The Economic Freedom Fighters (EFF)’s urgent court application to suspend the fuel levy increase was set to be heard in Western Cape High Court yesterday and could still change the final fuel price structure for June.