Attorney Michael de Broglio on: South Africa, Law, Politics, Attorneys, Sport, Photography, Technology, Gadgets, Media, Crime, Road Accidents Fund,
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We are looking at some relief from May with the fuel price. This month the fuel price went up, but it was only because of the extra contribution to the Road Accident Fund, something none of us can complain about, given that it does give us protection when we are driving on our increasingly dangerous roads.
The other was just the general revenue tax that the government adds to fuel every year, which is a rather sneaky way of avoiding a confrontation, for example, over increasing the VAT rate. Many forget that most countries around the world during the recent times have increased their VAT rate whereas South Africa has stayed the same and in a way they are hitting us on fuel instead. In the UK, for example, the VAT rate was already 17,5% at the beginning of 2011 and was increased to 20% and they are already talking about a further increase. At the moment, and it is early days in the month, we are looking at about a 27c decrease in the fuel price in April but if we get Rand strength, or the international fuel price declines, we could be looking at a bigger decrease.
Posted by Michael de Broglio on Friday 05-Apr-13
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Comments
Tans said:
on Friday 12-Apr-13 02:26 PM
Fuel price decrease is definitely welcomed. It seems to me as if the government really want to suffocate ordinary South Africans. One of the examples, for instance, is the mere fact that e-toll will be implemented quite soon.
Juliet said:
on Wednesday 10-Apr-13 06:29 PM
Let's hope this is a monthly occurrence
Sundome said:
on Wednesday 10-Apr-13 05:27 PM
I am glad it’s going down but just like everyone else I am wondering how long it’s going to be until it goes up again
Alexis said:
on Wednesday 10-Apr-13 04:58 PM
May - really - I mean I live down the road and it is killing me - I feel so sorry for those who live much further
sarah said:
on Wednesday 10-Apr-13 04:40 PM
Finally some good news.
Sinead said:
on Wednesday 10-Apr-13 04:34 PM
I thought it would've gone down at the end of April, but May is good too :)
Benita said:
on Monday 08-Apr-13 09:48 AM
The best news I've had so far
Juliet said:
on Friday 05-Apr-13 01:42 PM
We live for the banks! We live for the government!
Helen said:
on Friday 05-Apr-13 01:36 PM
Wonderful news for me too, I already start looking for the right taxi from Heidelberg!!! hopping the price will decrease more....
Julie said:
on Friday 05-Apr-13 11:13 AM
I for one am quite happy with a "de"crease for a change. Enough said
Cherise said:
on Friday 05-Apr-13 10:22 AM
This days every slight cent decrease in petrol makes a good difference. Really great to know petrol will be comming down soon.
thembi said:
on Friday 05-Apr-13 09:28 AM
Good news for everyone but the question is for how long before it goes up again.
salomie said:
on Friday 05-Apr-13 09:14 AM
Petrol price decreasing is good news, hope it stays down for awhile
Thabitha said:
on Friday 05-Apr-13 09:11 AM
It is good news for once but again for how long.
sheena said:
on Friday 05-Apr-13 09:07 AM
YaY!!! no I don't have to invest on a bicycle anymore.
Dune said:
on Friday 05-Apr-13 08:58 AM
This would be a huge relief to all of us, but they decrease it with 27c and the next month they increase it with more than they decreased it, at the end of the day the fuel price is still rising unconsciously.
moenisha said:
on Friday 05-Apr-13 08:55 AM
It'a all very well for the decrease in petrol we appreciate it so much , but for how long a month maybe two then it goes up again
Joyce said:
on Friday 05-Apr-13 08:55 AM
It it indeed good news and nice to know that South African VAT rate is lower than that of some other countries
Corné said:
on Friday 05-Apr-13 08:49 AM
This is really great news. Even as part of a lift club it is very difficult to cope with the high petrol price.
Caron said:
on Friday 05-Apr-13 08:47 AM
One cannot compare first to third world countries!
Lucretia said:
on Friday 05-Apr-13 08:46 AM
I think you mean we will get relief in May. If the price fluctuates either way, we see the changes on the first Wednesday of the month. That has come and gone. I really do hope that the price starts coming down. It affects more than just our personal pocket. It leads to job losses because households, when faced with finance problems, tend to get rid of luxuries, one of those luxuries are domestic workers, so the ripple effect is enormous. Lets hope we start seeing more decreases in the near future. Would still love to know what happened to our reserves we used to have, were they not sold and, if so, why???
Angelique said:
on Friday 05-Apr-13 08:36 AM
Best news this morning!! Think we always complaining about petrol but don't realize what other countries do. I prefer petrol going up and down that sticking to a 20% VAT which is ridiculous!
Jessica said:
on Friday 05-Apr-13 08:33 AM
YAY that has just made my day :-)
Cornelie said:
on Friday 05-Apr-13 08:24 AM
This is very good news no more thinking of taking the bus.
Lourien said:
on Friday 05-Apr-13 08:20 AM
Wow, this would be great, a drop in the petrol price is what we need, it’s just too high and not everyone is able to afford it at the moment, and if it does not decrease we might see very big price increases in the coming months…
Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
