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  • Fuel price hike: There COULD be some good news for motorists

    Fuel price hike: There COULD be some good news for motorists

    From Wednesday, South African motorists could be forking out as much as R4 for a litre of petrol. In March 2022, government announced a temporary reduction of R1, 50 in fuel levies, a move welcomed by overstretched consumers.

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    PETROL PRICE HIKE: WILL THE FUEL LEVY BE EXTENDED?

    The fuel levy is set to end quite soon, but Minister in the Presidency Mondli Gungubele has said that government was considering an extension. The introduction of the fuel levy was mainly to allow for local petrol prices to be reduced at a more normalised rate.

    Well, time isn’t exactly on government’s side as the new petrol price hike kicks in on Wednesday, 1 June. So if an announcement is eventually made, the Department of Energy has a small window.

    Cabinet met last week and the petrol price hike was on the agenda. Gungubele said Finance Minister Enoch Godongwana and Mineral Resources and Energy Minister Gwede Mantashe would be the ones best placed to give an indication as to whether motorists can expect some relief at the pumps, anytime soon.

    “Whether the government will intervene again and ensure that fuel prices remain reasonable as it’s a matter that affects the entire country is receiving special consideration because it affects our economy very strongly,” Gungebele said at the time.

    In the meantime, there are growing calls for government to intervene in what has been described as a crisis. The DA says both Mantashe and Godongwana had two months to consult on whether to extend the cut in the fuel levy or provide a more permanent solution.

    “If projections by players in the fuel industry hold, motorists should expect an increase in fuel price by R3.50 in the first week of June. This would lead to an upward pressure on inflation, hitting consumers directly through rising transport and food costs. And these prices do not ebb and flow like the fuel price. South Africans are already struggling to make ends meet and unemployment is soaring,” said DA Mineral Resources and Energy spokesperson Kevin Mileham.

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    Khamisi
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