- Fuel taxes will go up dramatically from today
- The increases have already triggered a backlash
- OUTA, for example, says fuel taxes are far too high
Fuel prices will increase significantly from 3 April.
This comes as a result of the weakening of the Rand, rising oil prices across the globe and new fuel taxes.
The taxes will see motorists paying an extra 20 cents in fuel taxes per litre of petrol they buy, making for a total of R5.54 in taxes per litre.
This means that whenever you fill up a 50-litre tank, you will be paying roughly R277 in taxes alone.
Unsurprisingly, the tax increases have drawn some criticism. OUTA, for example, considers the new levy to be excessive. The organisation says these tax hikes are due in part to government mismanagement and corruption, Briefly.co.za has learned.
The levy increase means that government will bring in more than R75 billion in fuel taxes over the coming year, compared to R25 billion 10 years ago, according to BusinessTech.
Some economists have also condemned the increase to fuel taxes, arguing that they will drive up the costs of many goods and services.
This is in part because the taxes will increase transport costs, forcing suppliers to increase the costs of their goods in order to maintain a profit.
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