Petrol price re­prieve be­fore tax hikes kick in

Weekend Post (South Africa) - - NEWS -

SOUTH Africans will be able to save a lit­tle on their fuel bills from Wed­nes­day next week‚ when the price of petrol is set to drop.

But it is only a small re­prieve – the in­crease in fuel taxes an­nounced by the for- mer fi­nance min­is­ter in the re­cent bud­get speech will kick in on April 1.

The Depart­ment of En­ergy said yes­ter­day that the price of petrol would drop by 36c/l.

In April‚ an ad­di­tional 22c/l will be added to the fuel levy‚ while the con­tri­bu­tion to the road ac­ci­dent fund will rise by 30c/l.

This will add 52c/l to fuel prices‚ and is sep­a­rate from the in­crease or de­crease in monthly fuel prices as ad­justed by the Cen­tral En­ergy Fund.

The prices of diesel will fall 47c/l and 44c/l‚ for 0.05% and 0.005% sul­phur con­tent‚ re­spec­tively.

The whole­sale price of il­lu­mi­nat­ing paraf­fin will drop 23c/l‚ while the re­tail price will fall 30c. – Busi­ness Day

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