WATCH | Five things you need to know about the fuel levy relief plan

Finance minister Enoch Godongwana has warned that escalating conflict in the Middle East has increased risks to global energy markets, placing significant pressure on domestic fuel prices.

He said data from the Central Energy Fund Group suggests historically high fuel priceincreasesfrom Wednesday. Godongwana said consultations have been held between National Treasury and the department of mineral and petroleum resources to explore measures toprovide short-term reliefto consumers, while maintaining a stable and sustainable fuel supply system.