Petrol taxes remain flat as fuel prices reach record highs
Finance minister Enoch Godongwana has acknowledged the challenges that rocketing petrol prices are forcing on South Africans
With petrol prices expected to reach record highs, rising above R21 a litre, the Treasury chose not to increase fuel taxes for the first time since 1990.
Between 2011 and 2021, the petrol price increased at an average of 8.2% per year, placing a strain on all sectors of the economy and consumers, according to Treasury budget documents...
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