SA360 NEWS

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 The proposed legislation would allow R10 billion to be withdrawn from the National Revenue Fund and allocated to the Department of Mineral and Petroleum Resources.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

  South African motorists are facing record prices at the pumps after a sharp fuel increase took effect on Wednesday, pushing the price of 95 unleaded petrol above R30 a litre for the first time. Inland motorists are now paying R30.25 per litre for 95 petrol , while 93 petrol costs R29.88 per litre . At the coast, 95 petrol is priced at R29.38 per litre and 93 petrol at R29.01.  The latest adjustment increased 93 petrol by R3.12 per litre and 95 petrol by R3.33 per litre. Diesel prices also rose sharply, with increases ranging from R2.84 to R3.24 per litre depending on the grade.  The increases reflect pressure from international energy markets. South Africa imports most of its fuel, and domestic prices are adjusted monthly using factors including international petroleum prices and the rand exchange rate. The government said the latest increase reflects the impact of the Iran war on global energy prices.  Pressure on household budgets The increase is expected to affe...