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Godongwana cuts fuel levy for diesel and petrol from 4 November

Published

Finance Minister Enoch Godongwana told Parliament the fuel levy falls by R3 per litre for diesel and R1.50 per litre for petrol until 1 December 2026. The R10 billion relief comes from the Central Energy Fund.

Godongwana spoke in Parliament as he presented the Medium-Term Budget Policy Statement. After 1 December 2026, the cuts become smaller. The diesel levy will fall by R1.50 per litre and the petrol levy by R1 per litre until 5 January 2027.

The relief is funded by returning R10 billion from the Central Energy Fund to the National Revenue Fund. The money came from 2025/26 revenue overruns. Godongwana said the financing aims to ease cost of living pressures without harming the sustainability of the budget.

Key facts

Who
Enoch Godongwana (Finance Minister); Central Energy Fund (recipient of R10 billion from 2025/26 revenue overruns, to surrender it back); National Revenue Fund (receives the R10 billion to finance the relief); Treasury (government department providing the figures)
What
Godongwana told Parliament the fuel levy will be cut by R3 per litre for diesel and R1.50 per litre for petrol from 4 November 2026 to 1 December 2026, then by smaller amounts until 5 January 2027, funded by returning R10 billion from the Central Energy Fund to the National Revenue Fund.
When
21 October 2026
Where
South Africa
Status
Reported

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