Motorists in South Africa are in for a fuel price shock in June as oil prices continue to climb, and the government’s temporary relief on fuel taxes comes to an end.
In April, finance minister Enoch Godongwana announced a temporary reduction in the general fuel levy by R1.50 per litre for April and May.reported the minister of Mineral Resources and Energy Gwede Mantashe as saying that the intervention will not be extended beyond the end of May.
This would mean that motorists face a scenario of paying up to R3.70 per litre more in June, with the most recent under-recovery in petrol prices recorded at around R2.25 per litre.“The admission by the minister of mineral resources and energy, Gwede Mantashe, that the general fuel levy cut won’t be extended beyond the end of May, is an unacceptable dereliction of duty and a failure to enact a sustainable rationalisation of the composition of the fuel price.
That they failed to do either of the two, demonstrates the government’s lack of urgency in cushioning South Africans from the growing challenges of an economy in free fall, it said. The PMB will seek to protect the consumer from exorbitant price increases by decoupling the basic fuel price from government taxes and levies and additional margins used by wholesalers and retailers, said the political party.
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