Less Petrol Pain? Calls For Fuel Pricing Review Committee Intensify

89 Days(s) Ago    👁 72
less petrol pain calls for fuel pricing review committee intensify

Despite the last two months welcome cuts in petrol and diesel prices, South African motorists have been paying more than R20 per litre of fuel for well over two years now.

This as the government levies and taxes imposed on fuel continue to escalate.

Since 2021, both the General Fuel Levy GFL and the Road Accident Fund RAF levy have increased by about 5, rising from R3.77 per litre to R3.96c/l and R2.07/l to R2.18/l, respectively.

The levies and taxes pose a scenario of a double-edged sword as state coffers every year stand to benefit billions from the additional charges on fuel prices.

Merger of ministries Who will handle fuel pricing methodology?

Since the formation of the government of national unity GNU , the energy portfolio has moved from Gwede Mantashes hands the Department of Mineral Resources and Energy he headed is now the Department of Mineral and Petroleum Resources to Kgosientsho Ramokgopa, who is now the minister of both electricity and energy.