Busy fuel station scene with vehicles and palm trees in the background.
South Africa is extending relief for motorists by cutting its fuel levy for two more months, aiming to shield households from rising global oil prices linked to the Iran conflict. The government announced that petrol and diesel taxes will be reduced again in May and June, building on earlier cuts introduced in April. By lowering the levy, officials hope to prevent sharper increases at the pump, offering temporary breathing room for consumers already facing high living costs. Fuel prices in the country are adjusted monthly based on global oil trends, currency shifts, and taxes, making such interventions a key tool for managing short-term price shocks.
CNBC Africa