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
23 February 2022 - 15:37
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...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.