"Any increases to fuel prices now, at a time when South Africans are grappling with, among other issues, financial pressures and rolling blackouts, is unwelcome. We again want to urge the government to revisit the fuel pricing structure with a view to finding ways to mitigate against this and other possible increases in future," notes the Automobile Association .
The AA warned Minister of Finance Enoch Godongwana against hiking fuel levies in his Budget Speech in Parliament in mid-February. "Consumers can simply not afford any more price shocks and considering the impending 18.65% increase to electricity rates [which will take effect in April], an increase to the levies will deal a massive blow to personal finances," says the AA.
"[Increases] to the two fuel levies will be counter-productive, are ill-timed, and have disastrous outcomes for millions of people already struggling to make ends meet."In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month.
_Business We are tired of all this 'bad news' - suggest you use 'inevitable news' instead.
_Business Petrol increases are like Eskom stage changes one month up next month down
_Business Life under MYANC! Viva
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Covid-19 created bad behaviour': Mboweni warns of dodgy business“The concept of a foundation has lost its meaning. It has become an income-generating business. Watch out,” said Mboweni
Source: TimesLIVE - 🏆 28. / 59 Read more »