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Added tax is making petrol more expensive in SA, as price set to hike again

2 July 2018 1:45 PM
Tags:
Petrol price
Oil
Motorists
petrol price incease
Automobile Association's Layton Beard says the problem with petrol price hikes comes when we compare with neighbouring countries.

Motorists will have to dig deeper into their pockets from Wednesday as the petrol prices increase.

The Department of Energy announced a 23 cent increase for 93 octane while 95 octane will cost 26 cent more per litre.

Diesel has also increased by between 24 and 26 cents per litre while illuminating paraffin increases by between 22 and 30 cents per litre.

The primary reason why fuel in neighbouring countries is cheaper is that they do not have the amount of indirect taxes on their fuel that South Africa has.

Layton Beard, Spokesperson at Automobile Association

READ: Petrol price skyrockets towards R16 a litre (and possibly R17 in July)

In 2017 it gathered around R70 billion for the fiscal and that is a lot of money and it's an easy tax to collect; everybody puts fuel in the vehicles and everybody is taxed.

Layton Beard, Spokesperson at Automobile Association

ALSO READ: Petrol price to go up by 72 cents next Wednesday (mainly due to increased taxes)

We are not paying the cheapest and we are not paying the most expensive.

Layton Beard, Spokesperson at Automobile Association

This article first appeared on 702 : Added tax is making petrol more expensive in SA, as price set to hike again


2 July 2018 1:45 PM
Tags:
Petrol price
Oil
Motorists
petrol price incease

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