Some relief for motorists as Minister of Finance Godonwana has on Thursday afternoon announced a temporary reduction in general fuel levy for two months.
Godongwana announced the government’s interventions to help cushion consumers from sky-high fuel prices.
The Democratic Alliance on Thursday called for a pause in the fuel levy for the next six months.
Members of Parliament have considered recommendations from various industry bodies.
Following the suspension, the fuel levy will save motorists R3.93 cent per litre bringing down the petrol price from about R21 to as low as R17 per litre.
“Honourable Members, to mitigate the impact of these escalating fuel prices, I hereby table the following proposal, which will be included in the 2022 Rates and Monetary Amount and Amendment of Revenue Laws Bill, for consideration by this House:
“A temporary reduction of the general fuel levy by R1.50c per litre, for the period 6 April 2022 to 31 May 2022. This will reduce the levy for petrol from R3.85c per litre to R2.35c per litre. The levy on diesel will be reduced from R3.70c per litre to R2.20c per litre. These amounts exclude other levies such as the Road Accident Fund levy and the carbon fuel levy.”
Godongwana said the intention of the temporary reduction of the general fuel levy was to support phasing in the fuel price increases that we are expecting in the short term, which will go some way in assisting South Africans to adjust to the new reality.
-EWN
In other news – WATCH: Inside Uncle Waffles’ 22nd Birthday celebration
Uncle Waffles hosted a birthday party to mark turning 22-year-old on Wednesday, 30th of March. It was a pinky day for the DJ as her birthday cake was in pink, so also the outfit she rocked for the celebration.
In videos shared on her Instagram stories, she looked super elated, and lots of friends in the industry also celebrated her with beautiful words. Learn More
