April s petrol price may be 25% higher than a year ago. Here s how much is going to tax Business Insider SA
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Petrol looks set for a hike of almost R1.20 in the first week of April.
The price of Gauteng 95 unleaded petrol looks set to reach R17.48 - 25% more than a year ago.
Some 35% of the fuel price will go towards tax.
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South African fuel prices look set for a monster hike in the first week of April, which could mean that the petrol price increased by 25% in a single year.
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The price per litre might surpass R17 in inland regions.
Diesel costs will also rise, with the estimated increase standing at 92 cents per litre,
However, these prices are not confirmed and are subject to the fluctuating Rand-Dollar exchange rate as well as international petroleum product costs, which in turn are driven by oil prices.
In addition, the National Treasury’s 2021 budget indicated that motorists will also have to face tax increases. An added 15 cents per litre will further push fuel prices, aided by an increase of 11 cents per litre in the Road Accident Fund levy,