South Africa cuts fuel levy amid record petrol prices and slowing economic growth
South African Finance Minister Enoch Godongwana announced a temporary cut in the fuel levy from 4 November to 1 December: by 3 rand per litre of diesel and 1.50 rand per litre of petrol. The measure will cost 10 billion rand in forgone revenue. The 2026 economic growth forecast has been lowered from 1.6% to 1.2%.
Javlon Tursunov