Business
#OFMBusinessHour: Government needs to curb soaring fuel prices, now─── 18:27 Wed, 06 Apr 2022
The Automobile Association (AA) of South Africa says government needs to fast-track any additional plans that are in the pipeline to curb soaring fuel prices.
The AA’s Layton Beard says they welcome the R1.50 reduction in the general fuel levy by Finance Minister, Enoch Godongwana, which has cushioned the blow for South Africans somewhat.
Also Read: AA calls for fuel price structure review
On Monday 4 April, the Department of Mineral Resources and Energy announced that from Wednesday, petrol would increase by between 28 cents and 36 cents a litre for both grades of 93 and 95 octane.
Diesel was set to climb by between R1.52 and R1.69 per litre.
The wholesale price of illuminating paraffin was set for the steepest increase, with this fuel set to rise by R2.66 a litre.
The driver behind these increases is the rising price of international petroleum which contributed 100% to the increases seen locally.
Listen to the interview below:
#OFMBusinessHour: Government needs to curb soaring fuel prices, now:
