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Higher levies to push up fuel price

Feb 22 2012 15:26 Sapa

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Cape Town - The general fuel levy will increase by 20 cents a litre of petrol and diesel from April 4, Finance Minister Pravin Gordhan announced in his new budget on Wednesday.

An increase in the Road Accident Fund levy will add a further 8c to the price of a litre of fuel, he said.

The levy on electricity generated from non-renewable sources will increase by 1c a kilowatt hour on April 4.

This levy will replace the current funding mechanism for energy-efficient initiatives such as the solar water geyser programme.

Gordhan said the electricity levy would likely have little overall impact on tariffs.
petrol price  |  inflation  |  budget 2012

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Budget balancing act

2012-02-22 15:26

 
 
 

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