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Petrol price increase, motorists need to prepare themselves for a steep hike in petrol prices from April 1, when fuel levies kick in. The international fuel price increase has also affected the increase in petrol prices. This is according to the Automobile Association (AA), citing unaudited month-end fuel price data released by the Central Energy Fund….
Johannesburg – Were it not for the 52 cent increase in fuel taxes that are due to come into effect at the beginning of April, South African motorists would have been looking forward to a slight decrease in the price of fuel from next month. However, now motorists are likely to fork out over 40…
Thirty-seven percent of South African motorists say they will still choose diesel vehicles over petrol vehicles even though recent studies show up to 38,000 people die prematurely as a result of diesel engines exceeding their stated emissions standards. This is one of the findings in a recent survey by the Automobile Association (AA). According to…
Petrol Price Relief. Due to the rand’s positive performance against the dollar, petrol prices have decreased for the month of March according to the Department of Energy. The Department of Energy announced that the rand has appreciated against the US dollar (from R12.20 to R11.82 per US dollar) during the period under review. As a result,…
As part of his 2018 budget, former finance minister Malusi Gigaba announced a 52 cents per liter increase in the General Fuel and Road Accident Fund levy. The General Fuel Levy will increase by 22 cents from R3.15 to R3.37 (7% increase), and the RAF Levy will increase by 30 cents from R1.63 to R1.93 (18% increase). According to the Automobile…
Johannesburg – South African motorists are set to enjoy some fuel price relief in March, but unless oil prices continue to fall that relief will be short-lived. As Finance Minister Malusi Gigaba announced during his budget speech last week, the fuel levy will increase by 52 cents a liter, but this will only take effect…
Automobile Association The 52 cents a litre increase in the General Fuel and Road Accident Fund levies announced by finance minister Malusi Gigaba in Wednesday’s Budget Speech is cause for great concern, notes the Automobile Association (AA). The increases amount to a total increase of 11% on the current levies from R4.78 to R5.30. The increases…
Johannesburg – Motorists will be hit hard by the 2018/2019 budget proposals announced by Minister of Finance Malusi Gigaba on Wednesday, tax will affect not only fuel prices but also the cost of new vehicles. VAT – TAX New vehicle buyers will be assaulted on three fronts: VAT, ad valorem duties, and CO2 tax. The…
South Africa is falling further Johannesburg: South Africa is falling further behind the world in fuel quality, and it’s hitting SA motorists where it hurts most: their pockets and their health. July 2017 was the planned introduction date for a Clean Fuels policy which would have resulted in you breathing cleaner air and paying less…
Analysts are unanimous in predicting that a hike in value-added tax (VAT), particularly on luxury goods, will be announced in the Budget this week. In his Medium-term Budget Policy Statement in October 2017, Finance Minister Malusi Gigaba said the government was facing a revenue shortfall of more than R50.8 billion. Sandy McGregor, a manager of the…
