Petrol increase on 1st day of the month is no April Fools

first_imgNo, it’s not an April Fools’ Day joke… Petrol is going up on April 1.The 52 cents a litre increase in the General Fuel and Road Accident Fund levies announced by Finance Minister Malusi Gigaba in the Budget Speech is the reason for the fuel price hike.Read initial story: Petrol price to increase in AprilAlso read: Update: Petrol price to increase this coming Wednesday The increase amounts to a total of 11% on the current levies from R4.78 to R5.30. This comes into effect on April 1, along with other increases such as VAT going up from 14% to 15%.The Minister announced that the General Fuel Levy will increase by 22 cents from R3.15 to R3.37 (7% increase) and the RAF Levy will increase by 30 cents from R1.63 to R1.93 (18% increase).Definitely disappointing news for motorists!Click to receive news links via WhatsApp. Or  for the latest news, visit our webpage or follow us on Facebook and Twitter. Join us there! WebsiteWebsiteWebsite WebsiteWebsiteWebsite WebsiteWebsiteWebsite last_img

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