South Africa’s fuel price structure is under the microscope as prices continue to sky-rocket beyond the affordability of many consumers already under financial pressure.
The latest data from the Central Energy Fund points to further fuel price pain for both diesel and petrol vehicle owners in July, with projections taking petrol beyond R26 per litre, and diesel to around R24.50.
The chief executive said that scrapping the GFL is unlikely as the government not easily do away with a significant income source, and would just move taxes elsewhere – ” increasing cost-of-living expenses in other ways”. Forslund echoed comments made by Groenewald. He said that if you remove the fuel levy, “then you have to increase other taxes”. He said that personal income tax would come into sight for the government – particular targeting high-income earners. Forslund said that.
In February, the Road Traffic Management Corporation touted a number of interventions to reduce the number of fatalities on the country’s roads – including speed limit changes.
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