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BusinessLive reports that more fuel price hikes await motorists this week with diesel rising by up to R1.69 a litre and petrol by as much as 36c a litre.
However, the fuel shocks would have been much worse without the temporary R1.50/l fuel levy reduction on petrol and diesel announced last week by the ministers of finance and mineral resources and energy. The fuel levy in the price structure of petrol and diesel was reduced to 244c/l and 230c/l respectively, while the Road Accident Fund levy will remain at 218c/l. The more than 40% cut in the fuel levy, which applies until 31 May, is part of a R6bn package to ease the burden on motorists. Without this temporary fuel tax “holiday”, diesel was set to rise by over R3/l and petrol by about R2/l due to higher international prices for petrol, diesel and illuminating paraffin, even though the rand appreciated against the US dollar during the review period. In Gauteng from Wednesday, retail prices of 93 ULP and 95 ULP will be R21.63 and R21.96 respectively, while the wholesale prices of diesel will be R21.01 for 0.05% sulphur and R21.24 for 0.005% sulphur. At the coast, 95 ULP petrol will rise to R21.24 while diesel will be R20.40 for 0.05% sulphur.
- Read the full original of the report in the above regard by Denis Droppa at BusinessLive
- Read too, Fuel price to increase by at least 28c on Wednesday, at IOL
- And also, Two-month fuel price relief is widely welcomed, at Business Report
Get other news reports at the SA Labour News home page