South Africa
Fuel price drop on the cards - could it have been more?─── 12:35 Sat, 30 Jul 2022
Under-pressure South African motorists are due for some much needed relief at the fuel pumps in August, but the DA says it’s not enough.
Softening international oil prices are leading to expectations of the fuel price dropping by around R1,00 a litre effective midnight on Tuesday 2 August.
These gains could have been bigger had it not been for the rand dipping to 2-year lows against the US dollar mid-July, although the SA currency rebounded somewhat in the latter half of the month.
DA Shadow Minister of Mineral Resources and Energy Kevin Mileham says, however, that the only announcement around the fuel price which the ANC government must make next week is to slash over R6.00 per litre by ending the exorbitant levies and taxes on fuel.
He says the government continues to keep fuel prices artificially high at the pumps, through fuel taxes, levies and a centrally determined fuel price.
"The devastation of our outrageously high fuel prices will not be alleviated by small decreases at the whim of the global oil price month-by-month, but only by substantive, calculated and fundamental changes to how government controls the fuel price," concluded Mileham.
