June Fuel Price Drop Looks Likely Despite Levy Hike

June fuel price drop looks likely despite levy hike

Strengthened rand and lower oil prices could temper the financial blow to motorists

Budget 3.0: Treasury swaps VAT hike for fuel levy and carbon tax to fund R2.58trn budget, targets robust tax collection

The proposed increase is in line with inflation, with petrol increasing from R3.85/l to R4.01/l and Diesel increasing from R3.70/l to R3.85/l.

Budget 3.0: VAT hike halted, but fuel levy rises

South Africa’s farmers and consumers can breathe easier after the government scrapped plans to raise VAT and paused further sugar tax hikes. However, diesel and petrol will see fuel levy increases. Budget 3.0: VAT hike halted, but fuel levy rises appeared first on Food For Mzansi