South African Finance Minister Enoch Godongwana announced on Thursday that the general fuel levy will be cut by R1.50 per litre from Wednesday next week to 31 May 2022. Among other interventions a reduction in the basic fuel price of 3c per litre will be enforced, the Demand Side Management Levy of 10c per litre on 95 unleaded petrol sold inland will be scrapped and a price cap will be introduced on 93 octane petrol, meaning retailers can sell below the regulated prices.