Attorney Michael de Broglio on: South Africa, Law, Politics, Attorneys, Sport, Photography, Technology, Gadgets, Media, Crime, Road Accidents Fund,
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A lot of motorists are going to get a huge shock at the beginning of April when the petrol price is going to be increased again. The Minister of Finance, in his budget speech allocated a further 20c increase in the fuel levy – which is really just general taxes for the government – as well as 8c per litre to the Road Accident Fund.
The Road Accident Fund money at least gives one some cover if something happens to you, but the general levies that they add on each year are just simple ways to increase taxes without touching politically sensitive issues such as VAT. In addition, based on the current exchange rates, at the moment we are looking at an under-recovery of 32c a litre, which means that at the beginning of April the increase could be as much as 64c a litre or an extra R30,00 per tank of petrol in an average sized car.
Posted by Michael de Broglio on Monday 26-Mar-12
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Comments
Lucretia said:
on Wednesday 28-Mar-12 02:15 PM
With the ever increasing petrol prices and the congestion on the road, I am seriously looking at buying myself a scooter and commuting this way. My biggest concern with this mode of transport is the taxis. Can one win in this grand scheme of things.
Kaylene said:
on Tuesday 27-Mar-12 09:54 AM
One of these days your petrol money would be more than your car instalments!!!!!
Liesl said:
on Tuesday 27-Mar-12 09:30 AM
The icing on this mud cake they are trying to feed us is the reasons why they "have" to do all of this. They think that all SA citizans are retards who will simply believe everything they say. I am fedup with them
Simone said:
on Monday 26-Mar-12 01:34 PM
This is ridiculous. Petrol is going start eating our money away. Living in Johannesburg, it's nearly impossible to get anywhere without owning a car.
thembi said:
on Monday 26-Mar-12 11:52 AM
The only thing this government is capable of doing is milking citizens money, and its totally insane.
Lorette said:
on Monday 26-Mar-12 11:31 AM
I have to agree with everyone! One of these days we will only have enough money to get to work. The general taxes gets increased but our salaries does not match the percentage.. True what Sally said. We will only be able to afford a car and food.
Thabitha said:
on Monday 26-Mar-12 11:01 AM
It is ridiculous.
Alexis said:
on Monday 26-Mar-12 10:27 AM
Wow, at the end of the month you will have nothing left from increase in petrol to e-tolls. Canada here I come, this place is getting ridiculous
Brenda said:
on Monday 26-Mar-12 10:21 AM
It is absolutely insane how petrol is continuously rising.... I can really see myself trading my car in and purchasing a scooter, and this in the near future! We are basically going to end up paying to go to work soon if this goes on.
david said:
on Monday 26-Mar-12 10:20 AM
Thanks for the 'heads-up'. I need to ask for a raise...
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!
