{"id":546072,"date":"2021-12-10T15:52:18","date_gmt":"2021-12-10T13:52:18","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=546072"},"modified":"2021-12-10T15:53:21","modified_gmt":"2021-12-10T13:53:21","slug":"petrol-price-changes-being-considered-for-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/energy\/546072\/petrol-price-changes-being-considered-for-south-africa\/","title":{"rendered":"Petrol price changes being considered for South Africa: minister"},"content":{"rendered":"

South African finance minister Enoch Godongwana called for changes to the way the fuel price is calculated, after the cost of petrol rose to a record this month.<\/p>\n

Regulated fuel prices, which include a levy used to finance a fund to compensate those involved in road accidents and other taxes, have jumped 40% this year.<\/p>\n

The price increased 3.8% last week to 20.29 rand ($1.27) per litre in Gauteng, the commercial hub.<\/p>\n

Godongwana is concerned about the increase in fuel costs \u201cto the extent that we may have to play a role, to do whatever we can, to support the reform of the fuel price,\u201d he told lawmakers Friday in parliament in Cape Town.<\/p>\n

\"\"<\/a><\/p>\n

Data due out on 15 December is expected to show headline inflation accelerated to 5.5% in November from 5% in October, driven by fuel and food costs. The price-growth measure has been above the 4.5% midpoint of the central bank\u2019s target range at which it prefers to anchor expectations since May.<\/p>\n

Energy minister Gwede Mantashe told lawmakers that separating the fuel levy from prices would be \u201chelpful.\u201d<\/p>\n

\u201cAt this point in time a big part of the price increases is the levy,\u201d he said. \u201cThe way of countering price increases is an urgent matter for review and that is on the table.\u201d<\/p>\n

\n

Read: How much you now pay in tax when filling up on petrol in South Africa<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

South African finance minister Enoch Godongwana called for changes to the way the fuel price is calculated, after the cost of petrol rose to a record this month.<\/p>\n","protected":false},"author":59,"featured_media":299754,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[26],"class_list":["post-546072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/546072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=546072"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/546072\/revisions"}],"predecessor-version":[{"id":546078,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/546072\/revisions\/546078"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/299754"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=546072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=546072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=546072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}