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Reduced fuel levy to be funded by sale of strategic crude oil reserves, says finance minister Enoch Godongwana

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The intention of the proposed reduction in the general fuel levy for two months is to support a phasing in of the fuel price increases expected in the short term.

The proposal will be included in the 2022 Rates and Monetary Amount and Amendment of Revenue Laws Bill.

We are doing all of these things in line with our overall commitment to keeping money in the pockets of South Africans during these trying times, while at the same time restoring the health of our public financesTabling the budget last month, the minister announced there would be no increase in the general fuel levy and the RAF levy for the 2022/2023 fiscal year.

The price of crude oil has increased sharply since Russia's invasion of Ukraine and this has had a direct affect on fuel prices in SA. Mineral resources and energy minister Gwede Mantashe had proposed a package of measures to be introduced on June 1.

 

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Sly conduct.

We cannot afford a fuel increase, these tricks won't change that, because it's simple maths. Record unemployment doesn't go well with higher costs of fuel, food etc. Further squeezing of the people can only lead to civil unrest.

Did a sane adult really say this? Very Monty Pythonesque

One ra....!!

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Finance minister Enoch Godongwana proposes temporary reduction in fuel levyFinance minister Enoch Godongwana on Thursday proposed that the general fuel levy should be temporarily reduced by R1.50 per litre. I won't be sharing this good news on how am getting paid from AmelieBtc1 platform if I didn't see others testifying I was doubting but now that am experiencing how great her platform work.I also recommend you to AmelieBtc1 bitcoin mining for safe and secured investment
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Finance Minister Enoch Godongwana proposes R1.50 temporary fuel levy reduction - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Finance Minister Enoch Godongwana has proposed that the general fuel levy be temporarily reduced by R1.50 per litre amid record petrol and diesel prices. The reduction will be from 6 April to 31 May 2022. PetrolPrice That’s fokol Please 😥 Explain this in football terms 🤔
Källa: SABCNews - 🏆 37. / 51 Läs mer »

Minister of Finance announced a temporary reduction in the general fuel levyMinister of Finance Enoch Godongwana has announced a temporary reduction in the general fuel levy for two months. Godongwana announced an emergency intervention which will see the general fuel levy reduced by R1.50 per litre. Godongwana made the statement before the National Assembly on 31 March 2022. Can somebody explain, I am too lazy to open the link. Does this mean the won't be fuel hike? If there will be - lerete leli! Im willing to be an errand boy, a gardener or any form of odd job just to feed my children🙏🏾. They've been going to school and back on an empty stomach and that cripples me as a father. I humbly ask for any tinned food or grocer you don't need🙏
Källa: ewnupdates - 🏆 30. / 53 Läs mer »