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Fuel Levy

R1.20 petrol price increase expected for October

Price Increase Expected The petrol price is expected to increase by around R1.20-R1.30 per litre in October 2018, with additional increases expected in November and December. Economist Dawie Roodt said it was highly unlikely that this petrol price increase is based on the existing formula used by the energy department to calculate under or over-recovery….

Prepare for a Hefty Hike in Fuel Levy

Petrol price rise

Hefty Hike in Fuel Levy With regards to a Hefty Hike in Fuel Levy, the Automobile Association (AA) has urged the government to be cautious in determining future hikes of several taxes including the fuel levy, and their impact on low-income families in the country. Finance minister Malusi Gigaba is set to deliver his Budget…