Petrol price increase

2022 - 5 - 31

Fuel price - Petrol - diesel price increase - fuel increase june 2022 - fuel price increase today - petrol increase - petrol price increase on wednesday - petrol price increase south africa june 2022 - petrol price south africa - petrol price south africa 2022 - south africa fuel prices

Post cover — Image courtesy of "Business Day"

NEIL ROETS: Whatever the fuel price hike, it will be a catastrophe (Business Day)

If the government chooses to end the levy it will be a travesty for people who are reliant on their government for support.

If government chooses to end the levy it will be a travesty for people who are reliant on their government for support. As it is, the predicted downgrade in brands, cars, houses and utilities will have a knock-on effect on our already dismal economic growth. As an organisation that sees what life is like at the coalface of living on credit, we are gravely concerned about the state of our nation and its ability to survive, let alone thrive. While the SA Reserve Bank's monetary policy committee (MPC) had little choice but to raise the repo interest rate 50 basis points in the face of rising inflation — thanks mainly to soaring food and fuel prices — this has cut into the budgets of the very consumers who are needed to keep the economy afloat. We have just emerged from the worst humanitarian crisis the world has seen since the second world war, and while the severity of the Covid-19 pandemic has decreased, it still persists. The fallout will be enormous as the price of every commodity that is transported road — groceries, clothes, toiletries — will quickly increase in cost.

Fuel price increase to hit property in South Africa – and stop people ... (BusinessTech)

The cumulative fuel price increase has added significantly to overall consumer price inflation, and a further increase in June will sustain this pressure, ...

“The fourth commercial property sub-sector that is challenged by high costs of fuel of late must surely be hotel property. So it’s an additional potential source of pressure on the office market.” “We believe that ongoing fuel price increases are a negative for an already-battling office property market.

Shocker fuel price hike despite extension of fuel levy relief (Moneyweb.co.za)

The R2.43/l petrol price hike for 93 octane on Wednesday will see the Gauteng price increasing to R23.94/l.

The purpose of the levy was to discourage motorists from wasting octane by using 95 ULP instead of 93 ULP in their vehicles,” the joint statement explains. Mantashe added that the average international product prices of petrol, diesel and illuminating paraffin increased during the period under review while the price of LPG decreased. The temporary relief will be withdrawn from 03 August 2022, according to government. But government has opted to extend it, thus avoiding increases of as much as R4/l for petrol. However, South Africans are still in line for a massive fuel price hike as of midnight. - Illuminating paraffin (wholesale): R1.56/l) increase;

As petrol breaches R24/litre, red-hot oil price spells more pain (News24)

The inland fuel price of 95 octane unleaded petrol (in Gauteng) rose to R24.17 a litre – from R17.13 a year ago. The price of 93 unleaded reached R23.94/l on ...

The inland fuel price of 95 octane unleaded petrol (in Gauteng) rose to R24.17 a litre – from R17.13 a year ago. On Wednesday, the price of petrol reached a new historic high – and plenty more record-breakers are expected in coming months, as red-hot oil prices may not cool soon. The price of 93 unleaded reached R23.94/l on Wednesday. The wholesale price of diesel in Gauteng increased to around R23.06/l.

Govt: Weaker rand, high oil prices contributed to fuel price hike (Eyewitness News)

Petrol went up by between R2.33 and R2.43 at midnight, while diesel increased by between R1.07 and R1.10 a litre.

"The fuel price increase is going to be affecting people in every country as well. The government, which adds 33% to the price through taxes and levies is taxing South Africa into poverty. “Especially for us poor people, we are going to struggle a lot. The knock-on effect of this increase will literally take food off the table of hundreds of thousands of people," he said. From 1 June to 6 July, fuel levy relief of R1.50 cents per litre will continue. Government said that it will continue to monitor the impact of the Russia/Ukraine conflict and zero-COVID policies that continued to have an impact on energy and food prices.

Motorists hit with R2.43 per litre petrol hike from Wednesday — but it ... (Daily Maverick)

The government announced a hike in the cost of petrol and diesel. However, there was no increase in the general fuel levy.

potential future increases will be discussed with the Western Cape department of transport and notice will be given in advance to all affected parties,” the operator said. The DA has proposed solutions to the price hikes, including deregulation of fuel prices and allowing drivers to opt out of the “unnecessary” R2.18 Road Accident Fund levy. They have also launched a petition and are staging pickets around the country. However, there was no increase in the general fuel levy. “Fare increases will never be implemented unless completely unavoidable… Godongwana had submitted a letter to the Speaker of the National Assembly requesting the tabling of a two-month proposal for the extension of the reduction in the general fuel levy.