Petrol price in South Africa

2022 - 4 - 2

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Image courtesy of "The South African"

'Petrol discounts' coming to South Africa – as govt looks to REMOVE ... (The South African)

A long-term plan to slash the cost of petrol in South Africa is being considered by government - and the fuel levy may be set for the chop.

Deregulating the market would also allow retailers to set their own prices, encouraging competition across the board. What is more, the fuel levy could soon be ‘phased out’. Full deregulation can only come once Treasury has a plan to fund it”

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Image courtesy of "BusinessTech"

14 new cars you can buy for the same price as the average used car ... (BusinessTech)

Data published by Cars.co.za shows that South Africans paid on average R236,900 in 2021 for a used vehicle, higher than the average in 2020 and indicative ...

“We were expecting to see a normalisation in the used-car market in 2022, with a return to the longer-term price trends. Cars.co.za noted that the Covid-19 outbreak has resulted in an unprecedented scarcity of older cars. The BMW 3 and Mercedes-Benz C-Class series placed fourth and fifth, respectively.

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Image courtesy of "MyBroadband"

Major petrol price tax changes coming (MyBroadband)

The South African government is working to end the general fuel levy and deregulate the petrol and diesel price. In an interview with the Sunday Times, ...

This is to assess whether government can lower margins over the medium term by making adjustments. The general fuel levy adds R3.85 per litre to the petrol price and R3.70 per litre for diesel. The Road Accident Fund levy adds around R2.18 per litre to the petrol price.

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Image courtesy of "The Bharat Express News"

Massive Change Coming to Petrol Prices in South Africa - The ... (The Bharat Express News)

The National Treasury has taken the first step to deregulate the price of petrol in South Africa, which could allow retailers to compete on price and.

The price of diesel is expected to rise from R2.97 to R3.12/litre before the intervention. However, deregulation will create a bit of competition,” he said. “It won’t be cheap because of the margins. * A reduction in diesel GFL from R3.70/litre to R2.20/litre The latest data from the Central Energy Fund shows that the price of petrol is expected to rise from R1.73 to R1.81 per liter in April ahead of government intervention. * A reduction of GFL in gasoline from R3.85/litre to R2.35/litre

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Image courtesy of "Citizen"

More plans to deregulate petrol pricing in SA (Citizen)

The further deregulation could allow retailers to compete on petrol price and offer motorists discounts and special offers to fill up.

However, the deregulation will create a little bit of competition,” Duvenage told the publication. *  Reduction in the Basic Fuel Price of 3c/l, in line with the recommendations of the review done by the DMRE. There is not much for retailers to play with.

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