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February 2018

Taxed R265 every time you fill up at a petrol station in SA

As part of his 2018 budget, former finance minister Malusi Gigaba announced a 52 cents per liter increase in the General Fuel and Road Accident Fund levy. The General Fuel Levy will increase by 22 cents from R3.15 to R3.37 (7% increase), and the RAF Levy will increase by 30 cents from R1.63 to R1.93 (18% increase). According to the Automobile…

March price: Here’s what to expect

fuel price

Johannesburg – South African motorists are set to enjoy some fuel price relief in March, but unless oil prices continue to fall that relief will be short-lived. As Finance Minister Malusi Gigaba announced during his budget speech last week, the fuel levy will increase by 52 cents a liter, but this will only take effect…

How the new fuel levy will hurt you at the pumps

Automobile Association The 52 cents a litre increase in the General Fuel and Road Accident Fund levies announced by finance minister Malusi Gigaba in Wednesday’s Budget Speech is cause for great concern, notes the Automobile Association (AA). The increases amount to a total increase of 11% on the current levies from R4.78 to R5.30. The increases…

SA’s dirty fuel is costing motorists dearly

South Africa is falling further Johannesburg: South Africa is falling further behind the world in fuel quality, and it’s hitting SA motorists where it hurts most: their pockets and their health. July 2017 was the planned introduction date for a Clean Fuels policy which would have resulted in you breathing cleaner air and paying less…

VAT of 14% is likely to be introduced on fuel

Analysts are unanimous in predicting that a hike in value-added tax (VAT), particularly on luxury goods, will be announced in the Budget this week. In his Medium-term Budget Policy Statement in October 2017, Finance Minister Malusi Gigaba said the government was facing a revenue shortfall of more than R50.8 billion. Sandy McGregor, a manager of the…

Oil, Rand give fuel breather

petrol station

Fuel Price Data Fuel prices are likely to drop again at the end of February. This is according to the unaudited mid-month fuel price data released by the Central Energy Fund. International oil prices have been declining steeply since the start of February, and this factor has accounted for approximately half of the petrol price…