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Petrol Prices in 2018

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…

How SA’s new Carbon Tax will affect petrol and electricity prices

Carbon Tax In December, the National Treasury released a revised Carbon Tax Bill for public comment, giving the first indication of how the proposed tax could affect everyday South Africans. First published in 2010, there was relative quiet surrounding the tax until it was mentioned in the 2017 budget speech documents. The revised bill introduces a number of key…

SA fuel prices set to fall again in February

petrol station for sale east rand

Price of Petrol Johannesburg – South Africa’s hard-pressed motorists can look forward to a bit more light relief on the first Wednesday in February, with fuel prices set to drop again, says the Automobile Association. Commenting on mid-month fuel price data released by the Central Energy Fund, the AA attributed the continued positive balance shown…