Absa boosts fuel cashback as petrol and diesel price surge hits South African consumers
Bank increases fuel earn cap and enhances rewards as rising costs continue to pressure household budgets Absa Rewards has increased its fuel cashback cap and enhanced earn rates, as South Africans face one of the sharpest recent increases in fuel prices. From 1 April 2026, the price of petrol increased by more than R3 per litre, with diesel rising even higher, placing pressure on household budgets and the cost of daily travel. Fuel is one of the largest monthly expenses for many South Africans. It enables people to get to work, run businesses, and manage day-to-day life. To support its customers, Absa has increased its fuel earn cap by R2 000 to deliver practical relief when it matters most. The increased cap will apply from 1 April to 31 May 2026, aligning with a period of heightened travel and increased cost pressure. Alicia Raynard, Executive: Absa Rewards says, “Fuel is one of the most immediate pressures on household budgets, and increases of this scale change how peop...
.jpeg)
