LETTER: State ignores fuel price solution
Fuel prices have almost trebled in the past decade and a R1.50 decrease will keep the cost at its highest level in recorded history
Fuel prices are expected to drop by around R1.50/l in December as a result of a stronger rand and lower crude oil price. The department of energy has indicated that this benefit will be passed on to motorists, which will come as a welcome relief. Fuel prices have almost trebled in the past decade and a R1.50 decrease will keep the cost at its highest level in recorded history. Food and transport costs went up as a result of the escalating cost of petrol and they are unlikely to decrease. There are glaring solutions to the high fuel prices, but the government chooses to ignore them. Sasol was built with taxpayers' money to protect SA from the oil mafia Opec and its cost to produce fuel is about R3/l. Sasol supplies one-third of SA's fuel needs and exports the surplus to neighbouring countries. At one stage, the company reportedly made a profit of R100m a day. The government does not have the determination to “expropriate” Sasol and take its ownership back to the people so that we can...
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