“The minister has approved the termination of the IITRS levy of 3c/l applicable in the price structures of petrol and diesel with effect from April 2,” director of fuel pricing mechanisms Robert Maake, told reporters in Pretoria.
“This levy will not be part of the basic fuel price, so it will be a 3c reduction from the pump line.”
The levy was implemented in 2009 after the pipeline between Johannesburg and Durban had reached full capacity the previous year.
Deputy Director of fuel pricing mechanisms Mashudu Sinthumule said the levy compensated oil companies who used alternative routes.
Maake said the department was waiting for markets to close on Thursday, and for auditors to go through the numbers before the announcement was made on Friday afternoon.
