Petrol price reprieve before tax hikes kick in
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