South Africa petrol prices

2022 - 5 - 27

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Image courtesy of "BizNews"

Using petrol to put out fires – John Steenhuisen (BizNews)

On Wednesday, the government is planning to increase the price of petrol by around R3.80 per litre, to an outrageous R25 per litre.

We will fight this fight on behalf of every South African battling to make ends meet because we care about their plight. The General Fuel Levy of R3.93 per litre is little more than a corruption tax. Like any other consumer goods, it is only reasonable that the same market competition determines the final price at the pump. As it is, millions of South Africans are already going hungry, and things are about to get a lot worse. By cutting wasteful expenditure on luxuries like catering and entertainment, VIP protection and vehicles, and by uprooting state capture corruption that has cost South Africa at least R1.5trn so far, the General Fuel Levy of R3.93 per litre can be scrapped entirely. There are three elements to the plan. As we did with the R22m flagpole plan, South Africans need to put our national foot down and say a firm NO. According to Tiger Brands, bread, maize meal and baking flour will rise by 15–20% in the coming six months. The second-best time is now. The state-owned Foskor – which has historically produced 80% of SA’s fertiliser requirements – now produces only 20%, owing to ubiquitous cadre-deployment-induced mismanagement. He paints a grim national picture, especially given the impact of the Russian invasion of Ukraine. One example: the blockade of the Ukrainian port of Odessa is trapping 25 million tonnes of grain, equivalent to the annual consumption of all the world’s least developed countries. There are other ways to feed the voracious appetite of the Treasury crocodile besides simplistically hiking petrol prices and risking another populist spree of anarchy as we saw i n KwaZulu-Natal. DA leader John Steenhuisen writes that Wednesday’s R3,80 per litre petrol hike will worsen South Africa’s economic crisis, increase hunger and add to general deprivation, hitting the poorest and most desperate the hardest.

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Image courtesy of "Independent Online"

Call to scrap fuel levy as massive petrol price hike looms (Independent Online)

The Central Energy Fund has forecast a R2.27 and R2.36/litre rise in the price of petrol which would push the fuel price close to R25 a litre while the ...

Speaking at a post-Cabinet meeting media briefing, Mondli Gungubele, Minister in the Presidency, said that on the matter of fuel they took guidance from the ministers of finance and energy.“We are happy that we were able to protect motorists with the General Fuel Levy reduction recently for a period. We have to bear in mind that government have done what they could and have been transparent with the fuel price increases,” he said. It will be difficult for another source to be found as the general fuel levy contributes a large amount to road infrastructure repairs.” We will have to take guidance from the minister of Finance on what measures can possibly be put in place so that we can stay afloat in that matter.” We have called for an urgent public debate on the rising fuel costs and we are pleased that the speaker of the national assembly has granted our request. “The General Fuel Levy accounts for around R 3.93 per litre of fuel.

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Image courtesy of "MyBroadband"

South Africa faces biggest petrol price hike in history (MyBroadband)

The Organisation Undoing Tax Abuse (Outa) says finance minister Enoch Godongwana has no choice but to extend fuel price relief measures.

“In 2008 in July, when the international oil price was $130 per barrel, we were paying R10.70 per litre of petrol back then. “If he doesn’t, this is a R3.50 increase in one shot. “There was no reduction in the international oil price. That will be the highest once-off increase we’ve had and the highest price we’ve ever paid,” he stated. In fact, it went slightly up. “I think the pressure is being brought to bear on government on this one now,” he said.

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Image courtesy of "Daily Maverick"

Godongwana: Sit tight and hope for possible petrol price hike ... (Daily Maverick)

Finance Minister Enoch Godongwana and Mineral Resources and Energy Minister Gwede Mantashe are expected to meet with their officials on Sunday to discuss the ...

“What is the problem with that, is I happen to be the only person who has got the focal point in all these exposures. But as finance minister, he said he has to keep in mind various considerations. Opposition parties and lobby groups have been pressuring government to consider extending the R1.50 per litre reduction in the fuel levy.

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