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How South Africa's petrol price is set

Energy sector expert Rod Crompton shares his insights in this Q&A. ....

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EXPLAINER: How South Africa's petrol price is set

At the start of December, South Africa saw its latest fuel price increase push the price of petrol to over R20 a litre in some parts of the country, its highest level yet. This caused an outcry. Energy sector expert Rod Crompton explains how the fuel price is calculated. ....

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Explainer: How South Africa's petrol price is set

South Africa hasn’t achieved its policy objective of deregulating the fuel price because vested interests have opposed this, and the government doesn’t have the political will to implement the policy. ....

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Fuel increase: Petrol up by 91 cents, diesel by 55 cents from 4 August

Fuel increase: Petrol up by 91 cents, diesel by 55 cents from 4 August
thesouthafrican.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesouthafrican.com Daily Mail and Mail on Sunday newspapers.

South Africa , South African , Gwede Mantashe , Department Of Mineral Resources , Mineral Resources , Retail Price , Brent Crude , Basic Fuel , துறை ஆஃப் தாது வளங்கள் , தாது வளங்கள் , சில்லறை ப்ரைஸ் , ப்ரெண்ட் கச்சா , அடிப்படை எரிபொருள் ,

The government's fuel-related levies and taxes are un...

There is a position that says more taxes aren’t necessarily a bad thing, as these are ploughed back into the infrastructure spending of a developmental state, which improves the economy. That’s true if it happens that way. Sadly, ours is often wasted through gross inefficiencies in leaky procurement processes that pay three times the price for infrastructure that we don’t often need, while a whole lot is lost to corruption.
The result is overspending and less delivery which stimulates the angry taxman to seek more revenue, often through a short-term mindset, by increasing taxes or borrowing more money, both of which can lead the country into a cul-de-sac of reduced prosperity and even that of a failed state. Of course, this depends on how exactly the money is spent and the value for taxes paid, as experienced by citizens. ....

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