INTIEASouth Africa · 2022 General Fuel Levy freeze & reductionPolicyIn force

2022 General Fuel Levy freeze & reduction

In order to cushion domestic consumers and the national economy from the effects of oil price rise, the South African government decided in February 2023 to freeze the general fuel levy on petrol and diesel. A month later, this support was enhanced with a temporary reduction in…

Last changed 4 years ago.

Extracted view for reading · Original for compliance evidence

Lifecycle

  1. Effective
  2. Last change

Country / jurisdiction: South Africa · Year: 2022 · Status: In force · Level: National · Type: Voluntary

In order to cushion domestic consumers and the national economy from the effects of oil price rise, the South African government decided in February 2023 to freeze the general fuel levy on petrol and diesel.

A month later, this support was enhanced with a temporary reduction in the general fuel levy of ZAR 1.50/ litre, enacted from April until the end of May 2022.

Official source: http://www.treasury.gov.za/documents/national%20budget/2022/review/FullBR.pdf

Source

https://www.iea.org/policies/16715

Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.

Related in International

INTEnergy Newsoilprice:oilprice-article-44722NewsIn force

How Many Barrels of Oil Do AI Data Centers Consume on a Daily Basis?

Analysis of energy consumption in cryptocurrency mining and AI data centers, estimating Bitcoin mining requires 138-175 terawatt-hours annually, equivalent to 500-600 barrels of oil per coin minted. Article examines growing power demands of blockchain and artificial intelligence infrastructure relative to fossil fuel equivalents.

14 hours ago
INTEnergy Newsrigzone:https://www.rigzone.com/news/wire/oil_drops_as_iran_talks_advance-22-jun-2026-183968-article/?rss=trueNewsIn force

Oil Drops as Iran Talks Advance

Crude oil prices declined following US approval of limited Iranian oil sales, with shipping through the Strait of Hormuz showing signs of recovery.

17 hours ago
INTEnergy Newsoilprice:oilprice-news-44726NewsIn force

Greek Energy Pulls In $26B As Europe Scrambles To Replace Russian Gas

Greece is attracting over $26 billion in international investment to position itself as a critical energy transit hub for Central, Eastern, and Southeastern Europe. This investment surge supports the EU's goal to completely phase out Russian gas imports by 2027, with major funds including BlackRock and QIA backing Greece's energy infrastructure development.

19 hours ago
INTEnergy Newsoilprice:oilprice-article-44719NewsIn force

The Oil Crisis Is Far From Over

A U.S.-Iran Memorandum of Understanding regarding conflict settlement is unlikely to prevent an imminent energy crisis caused by rapidly depleting global oil and petroleum product inventories. The suspension of tanker traffic through the Strait of Hormuz during the conflict, which normally carries about 20% of global oil supplies, has depleted strategic reserves that previously acted as market buffers.

20 hours ago
INTEnergy Newsoilprice:oilprice-news-44725NewsIn force

Saudis Turn to Russian Fuel Oil as Iran War Saps Fossil Power Supplies

Saudi Arabia is purchasing significant volumes of Russian fuel oil and vacuum gasoil due to supply disruptions from the Hormuz crisis affecting domestic oil and gas wells. Russian fuel oil exports declined 6% in May to 3.2 million metric tons due to Ukrainian strikes on energy infrastructure, but Saudi demand remains strong amid rising temperatures and domestic power generation needs.

20 hours ago