The Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, has revealed that Government is undertaking a comprehensive review of the fuel pricing structure, with planned adjustments targeting key cost components.
The review will focus on petrol and diesel taxes, import duties, and carbon taxes as authorities seek to contain rising fuel prices and ease pressure on consumers and industry.
Speaking at a post-Cabinet media briefing, Professor Ncube said Government is actively fine-tuning existing levies as part of an ongoing process to stabilise fuel costs.
“We are also looking at further fine-tuning of those levies for both petrol and diesel, and also looking at other taxes, the import duties, as well as the carbon tax that is being charged, and so forth,” he said.
He emphasised that the review is still in progress, with no immediate timelines for implementation, but assured that adjustments will be announced once finalised.
“This is work in progress, and we will be making announcements in the fullness of time on further adjustments to these taxes,” he added.
The planned review comes as Government increasingly relies on fiscal measures to manage fuel price volatility driven by global oil market dynamics.
Economic observers say revisiting the structure of taxes and duties could provide short-term relief, although the extent of the impact will depend on the scale of the adjustments and broader international price movements.
