File: A fuel pump. AFP/Daniel Leal
JOHANNESBURG - Government says there will be no further fuel levy relief as Treasury looks to rebalance the country’s finances.
The cuts were introduced to cushion consumers from soaring fuel prices linked to the Middle East War.
But Treasury has now signaled that the relief measures will be phased out in the coming months.
READ | Rising fuel prices could squeeze consumers even further
Motorists and businesses are expected to face renewed pressure at the pumps, with diesel prices already above the R30 a litre mark in some areas.
Economists warn higher fuel costs could add pressure to inflation and transport costs across the economy.