Petrol industry association warns of steep fuel hikes unless government extends levy reprieve

  • 📰 mailandguardian
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 92%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Petrol industry association warns of steep fuel hikes unless government extends levy reprieve - Petrol industry association warns of steep fuel hikes unless government extends levy reprieve

A steep fuel price increase next month awaits consumers, the South African Petroleum Industry Association said on Monday.

Ahead of the announcement this week from the mineral resources and energy department on the fuel price adjustment for June, Sapia said it was not aware of a possible extension of the government’s temporary reprieve on South Africa’sSapia’s head of strategic projects and economic regulations, Kevin Baart, said it was “very difficult” to estimate by how much prices could rise, but added that the government was bound to adjust the price in line with global prices, because to try to keep prices...

“What was communicated to us is that the tax exemption was for two months,” said Sapia’s executive director, Avhapfani Tshifularo. “So we’re all waiting to hear what the government’s latest stance is, because we had discussions but the official version is that there will be no extension and that the R1.50 is going to be reinstated.”have skyrocketed in line with global oil prices as a result of Russia’s war in Ukraine.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Why re sa strikele petrol mara 😭😭

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Government expected to intervene on petrol prices in South Africa: finance ministerThe government is set to announce further interventions on the petrol price as the country faces a potential record hike of R4 per litre on Wednesday. 😂😂😂😂😂😂 kante who set regularity frame work to begin with The fact that we even have to threaten to strike for the government to do their job says a lot about the current leadership…..Lidoda duvha husi kale
Source: BusinessTechSA - 🏆 24. / 61 Read more »

South Africa’s petrol price is not perfect – but changes could make it worse: fuel groupThe South African Petroleum Industry Association (SAPIA) has warned against making wholesale changes to South Africa’s petrol prices amid growing calls to review how fuel prices are calculated in the country.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

R25 for petrol... Experts warn fuel price could surge even higher this year | The CitizenThe South African Petroleum Industry Association says there is very little government can do to cushion the blow. I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

South Africa’s petrol price is not perfect – but changes could make it worse: fuel groupThe South African Petroleum Industry Association (SAPIA) has warned against making wholesale changes to South Africa’s petrol prices amid growing calls to review how fuel prices are calculated in the country.
Source: BusinessTechSA - 🏆 24. / 61 Read more »