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.

Why re sa strikele petrol mara 😭😭

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 »