The R1.50 we save per litre may look insignificant but it all adds up, and a R1.50 saving is still better than nothing.
Finance Minister Enoch Godongwana’s announcement of a reduction by R1.50 per litre of the general fuel levy, albeit temporary, is good news, though we obviously wish it could be better. From Wednesday until 31 May, the price of fuel will go down, an unusual occurrence in recent months where we’ve witnessed the price going only one direction: up. Godongwana said the decrease would reduce the levy for petrol from R3.85 per litre to R2.35 per litre. The levy on diesel will be reduced from R3.
From Wednesday until 31 May, the price of fuel will go down, an unusual occurrence in recent months where we’ve witnessed the price going only one direction: up. In 2021-22, taxes accounted for on average 34% of the price of petrol and 38% of the cost of diesel – a ratio that is below that of India and Mexico, and far lower than the 60% that is common in Europe.Saturday CitizenPretorious says he travels 200km daily on average – at a cost of R450. That is R9,000 if we discount the weekends.Hopefully, taxi and other transport service providers will take a two-month hiatus in their fare hikes – a direct result of the exorbitant fuel prices.
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