Government has limited options to cushion the blow of a record petrol price hike in April beyond taking a financial hit, says the South African Petroleum Industry Association (SAPIA).
The government has limited options to cushion the blow of a record petrol price hike in April beyond taking a financial hit, says the South African Petroleum Industry Association .
As such, it warned that there is little that the country’s petrol stations and its other members can do to alleviate price hikes without impacting the security of the supply of petroleum products or jeopardising the sustainability of the industry. It added that funds that would typically be collected from the fuel levy and the RAF levy would then have to be found elsewhere to help balance the national budget.
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