South Africa's R10 Billion Fuel Relief Plan Moves Forward

 




South Africa Moves Closer to R10 Billion Fuel Relief as Petrol Prices Surge

PRETORIA, SOUTH AFRICA — 9 October 2026

South African motorists could receive relief from rising petrol and diesel prices after a parliamentary committee advanced a proposed R10 billion intervention aimed at stabilising fuel costs.

The Standing Committee on Appropriations adopted its report on the Second Special Appropriation Bill on Thursday, 8 October 2026, bringing the proposal a step closer to consideration by the National Assembly.

The development follows substantial fuel price increases that took effect earlier this week.

What Is the R10 Billion Fuel Relief Plan?

The proposed legislation would allow R10 billion to be withdrawn from the National Revenue Fund and allocated to the Department of Mineral and Petroleum Resources.

The funding is intended to help protect consumers from fuel price volatility associated with international energy market disruptions and conflict in the Middle East.

Finance Minister Enoch Godongwana originally tabled the Bill on 31 July 2026.

However, the proposed allocation has not yet been fully approved or implemented.

Petrol and Diesel Prices Rise Sharply

South African motorists faced significant increases on Wednesday, 7 October.

According to the Department of Mineral and Petroleum Resources, the monthly adjustments included:

  • Petrol 93: increase of R3.12 per litre.

  • Petrol 95: increase of R3.33 per litre.

  • Diesel 0.05% sulphur: increase of approximately R2.84 per litre.

  • Diesel 0.005% sulphur: increase of approximately R3.24 per litre.

The increases were attributed to higher international petroleum prices, rising crude oil costs and other factors affecting the domestic fuel pricing formula.

The government reported that average Brent crude prices had increased from approximately $87.89 to $101 per barrel during the review period.

Parliament Calls for Immediate Consumer Relief

Standing Committee on Appropriations chairperson Mmusi Maimane has urged that the available funding be used to provide meaningful relief to consumers.

The committee also emphasised that any intervention should produce measurable results and be accompanied by transparent financial reporting.

Parliamentary discussions have highlighted the importance of ensuring that assistance benefits households, commuters and businesses affected by higher transport costs.

How Could This Affect South Africans?

Lower fuel costs could reduce financial pressure on motorists and businesses that rely heavily on road transport.

Taxi operators, delivery companies, logistics providers and small businesses are among those exposed to rising petrol and diesel expenses.

Fuel prices also affect the wider economy because transport costs contribute to the prices of food and other essential goods.

However, the exact amount of relief motorists might receive remains uncertain.

The government has not yet announced a confirmed reduction per litre under the proposed R10 billion intervention.

What Happens Next?

The committee's report is expected to be considered by the National Assembly.

Further decisions will determine whether the funding is approved, how it will be administered and when consumers might benefit.

Parliament has also called for stronger oversight to ensure that public money achieves its intended purpose.

For now, the October fuel price increases remain in effect.

SA360 NEWS will continue monitoring parliamentary developments and official fuel price announcements.

Sources: Parliament of South Africa, Department of Mineral and Petroleum Resources, SABC News and Reuters.

SA360 NEWS | Business & Economy | 9 October 2026

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