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general fuel levylatest news & developments
Annual consumer inflation was unchanged at 3.2% in February at 3.2%, with increases registered in housing and utilities, food and alcoholic beverages and restaurants and accommodation offset by decreases in the services sector, Statistics South Africa said on Wednesday. (Guillem Sartorio/Bloomberg via Getty Images)
ALTERNATIVE INFORMATION AMP DEVELOPMENT CENTRE

Relief: Government must guard SA’s poor against inflation’s assault

It could prove difficult for government to loosen its grip on the public purse, but economists say the current extraordinary circumstances require intervention

  • Sarah Smit
7 min read
“Scrapping the fuel levy means that the rich would also receive that benefit. So, from a point of equity and reducing poverty, it would make more sense to increase cash transfers to the poor and to leave the fuel tax as it is.” (Photo by Per-Anders Pettersson/Getty Images)
AUTOMOBILE ASSOCIATION

Why government would fall short of cash if the fuel levy is scrapped

But restructuring the Road Accident Fund levy would reduce pressure on consumers

  • Anathi Madubela
6 min read
The department of mineral resources and energy said the new fuel prices would come into effect on Wednesday. (Waldo Swiegers/Bloomberg via Getty Images)
BRENT CRUDE OIL

Government extends R1.50 general fuel levy reprieve, but also announces steep price increases from June 1

The retail price of petrol will rise by up to R2.43 a litre from Wednesday

  • Anathi Madubela
3 min read
The department of mineral resources and energy said the new fuel prices would come into effect on Wednesday. (Waldo Swiegers/Bloomberg via Getty Images)
EMERGENCY

Brief reprieve for motorists: treasury reduces fuel levy by R1.50 a litre until the end of May

The emergency fuel-price intervention was announced by the treasury in the parliament on Thursday afternoon, in light of skyrocketing global oil prices

  • Anathi Madubela
3 min read