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AA predicts substantial fuel hikes | Potchefstroom Herald
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AA predicts substantial fuel hikes
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Budget 2021: Is this the one tax guaranteed to increase on Wednesday?
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But, not so fast! If you consider the fuel price, you’d think that the price at the pump is largely based on the price of Brent Crude and the exchange rate. Well, it is. And it isn’t. Based on latest numbers by the department of energy, the basic fuel price in December for 95-octane unleaded is about R4,79 per litre. By comparison, the price of inland 95-octane unleaded was R14,46 in December. What gives? Considering the disproportionate impact of transport costs on the poor, South Africans should be outraged at our fuel prices, which not only have a direct impact on business and consumers, but also a secondary impact on the price of just about every other good or service.