After a slight reprieve in March, April will see the cost of filling up rise once again thanks to increased levies. BudgetSpeech2020
Cape Town - Although fuel prices are set to decrease slightly in March, April will see the cost of filling up rise once again thanks to increased fuel levies that will come into effect at the beginning of that month.
This, the Minister said, is to adjust for inflation, but it’s worth pointing out that fuel in South Africa already carries a hefty tax burden. In 2019 Mboweni hiked fuel taxes by 29 cents a litre, with 15 cents forming part of the general fuel levy, 5 cents going to the Road Accident Fund and a further nine cents forming part of a new carbon tax, although this was not allocated to funding climate change in any way.
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