Fuel Levy
latest news & developmentsFuel prices rise on Wednesday; government announces temporary relief
Petrol will rise by R3.06 a litre and diesel by up to R7.51/litre but a temporary R3/litre fuel levy relief will be in effect until 5 May
The April fuel cliff: Why South Africa’s policy paralysis costs us more than the Middle East war
This breakdown reveals that a significant portion of the fuel price sits within domestic policy control. The government cannot stop a war in the Middle East but it can intervene…
Fuel prices to fall sharply, driven by lower global oil markets
From 7 January, 93-grade unleaded petrol will decrease by 62 cents a litre while 95-grade petrol will cost 66 cents less
EFF loses fuel levy court challenge
The Economic Freedom Fighters slammed the ruling as setting a dangerous precedent on taxation without oversight and vowed to fight on
Sars collects R1.855 trillion in revenue, driven by personal income tax
And R447.7 billion was returned to taxpayers, says South African Revenue Service commissioner Edward Kieswetter
Energy crisis triggers R13 billion tax relief
The majority of the relief comes in the form of incentives given to businesses and households investing in alternative energy
South Africa’s middle class endures rising cost of living
The financially stretched middle class is teetering on the brink as fuel and food prices gnaw at their disposable incomes
Relief as treasury puts brakes on fuel levy hike amid petrol price crunch
The last time the fuel price was not increased because of a change in either the fuel levy or the Road Accident Fund levy was in 1990
Why motorists are paying more for petrol
Steep fuel price hikes are the result of higher levies, which came into effect this week, as well as a turbulent international oil market
Thank Donald Trump for fuel-pump bump
United States’s enfant terrible Donald Trump’s sanctions on Iran are hurting Opec’s third-largest exporter at 2.4-million barrels a day
Mixed reactions to 2015 budget
While some such as the RAF and Tisa have welcomed Finance Minister Nhlanhla Nene’s new budget plans, others are not so happy.
Inland transport levy abolished
Motorists no longer have to fork out an extra three cents per litre on petrol and diesel as new pipeline capacity comes online.
Short back and sides, please
Pravin Gordhan stresses that government departments have to stretch their resources and fund their projects with their own cashflows.
Don’t smile, you’re being mugged
High taxes on investments has left taxpayers in a bad position.
Fuel levy hike to pay for e-tolling?
Public finance expert slams the proposed fuel levy increase as "regressive" because it will hit the poorest of the poor.