Researchers find the South African general fuel levy has increased 92% in just a decade. The cost per tank to every motorist will shock you …
, the South African fuel levy is the ultimate government cash cow that just keeps on giving. So, as the saying goes, “why buy the cow when you get the milk for free?”The National Treasury’s tanks are definitely nearing full with the South African general fuel levy. Image: File
Furthermore, the South African general fuel levy and other taxes account for nearly 30% of the price we pay at the pumps with every refill. So, as hard hit as motorists have been by fuel price increases this year, the cost is still worse than it should be.R270 into the government’s pocket per fill up. Assuming you commute regularly and need three tanks per month, that’sR24.13 per litre
and things look pretty dire for South African motorists. Using an inflation calculator, adjusting the fuel from 2004 to today, we should only be payingFurthermore, even factoring in the South African general fuel levy and other taxes which make up more than 50% of the current fuel price, the price at the pump should be in the region of R21.20 per litre. As before, it’s the extra R3 per litre that’s screwing us, Mzansi.
In conclusion, the AA says above-inflation tax and levy hikes, “hurt the poorest of the poor in the country, as many people rely on public transport. Therefore, if the price of fuel increases, the only way to recover costs is by passing them to the consumer,” says the AA. Moreover, the AA is concerned the South African general fuel levy is the ‘go-to tax’ for a quick win for government.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
African Gold Extra Virgin Olive Oil Celebrates South African Flavours in New CookbookSouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Read more »
Temu order from China faster than Makro — Why South African retailers should watch outThe poor turnaround time and lack of updates on a Makro order shortly placed after a pleasant experience with Temu was enough for one customer to be put off from using the local retailer ever again.
Read more »
Why South African ISPs should sell TP-Link Mesh to their customersProvide your connected clients with a whole-home Mesh Wi-Fi solution that you can manage remotely.
Read more »
Why This South African Succulent Is A “Miracle Plant”South African and global news updates with a twist. 2oceansvibe is South Africa’s biggest solely owned online news platform with local and world news updates.
Read more »
Why are naturalised South African citizens not entitled to ID cards?Naturalised South African citizens hold the same privileges as any other citizen, so why are they not entitled to ID cards?
Read more »
– MVN-X CEO Valde Ferradaz on why South African businesses should launch their own MVNOsMVN-X CEO Valde Ferradaz boasts over 26 years of experience in the telecoms industry, with a specialisation in MVNOs/Es.
Read more »