Is this justified????
Government taxes make up 27% of the petrol price charged at the pump and just over 28% of the price of diesel, contributing significantly to the overall fuel price in South Africa.
The Finance Minister revealed this in the Full Budget Review following his speech outlining the government’s spending plans for the next financial year.
In his speech, he offered some relief to motorists by not increasing the general fuel levy nor the Road Accident Fund (RAF) levy for the 2024/25 financial year.
This will result in tax relief of around R4 billion to South African motorists, who have been hard hit by fuel price increases over the last year.
(https://mybroadband.co.za/news/investin ... s-tax.html)
Regards