{"id":594564,"date":"2022-06-07T14:50:58","date_gmt":"2022-06-07T12:50:58","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=594564"},"modified":"2022-06-08T12:37:20","modified_gmt":"2022-06-08T10:37:20","slug":"parliament-to-debate-south-africas-petrol-price-with-a-proposal-to-cut-more-than-r6-per-litre","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/energy\/594564\/parliament-to-debate-south-africas-petrol-price-with-a-proposal-to-cut-more-than-r6-per-litre\/","title":{"rendered":"Parliament to debate South Africa&#8217;s petrol price &#8211; with a proposal to cut more than R6 per litre"},"content":{"rendered":"<p>Parliament will hold a debate on South Africa\u2019s record petrol price increases on 15 June following an official request by the opposition Democratic Alliance.<\/p>\n<p>The discussions are set to focus on the country&#8217;s record petrol price hikes and possible interventions to structurally change how the basic fuel price is calculated.<\/p>\n<p>The Democratic Alliance said it will use the debate to table its proposals which it said will cut more than R6 in tax and levies from every litre of fuel.<\/p>\n<p>The opposition party has proposed:<\/p>\n<ul>\n<li>De-regulate the fuel price, and let fuel providers compete on price to drive down the price;<\/li>\n<li>End the general fuel levy of more than R4 per litre, which is nothing more than a donation to the corruption slush fund at National Treasury;<\/li>\n<li>Exempt all fuel users who already pay for insurance, from the R2.18 per litre Road Accident Fund levy.<\/li>\n<\/ul>\n<p>On Tuesday (31 May), the National Treasury and the Department of Mineral Resources and Energy announced that the general fuel levy reduction of R1.50\/litre would be continued for another month. The reduction would then be halved to R0.75\/litre in July, with the relief ending in August.<\/p>\n<p>The government was under huge pressure to extend the levy reduction \u2013 without it, the petrol price would have increased by close to R4\/litre last week.<\/p>\n<p>Despite this, the government is set to face continued social and political pressure to shield consumers from the cost-of-living surge and will be unable to give in to all demands going forward. In an open letter published on Monday (6 June), president Cyril Ramaphosa\u00a0<strong><a href=\"https:\/\/businesstech.co.za\/news\/finance\/593790\/ramaphosa-talks-up-government-interventions-for-rising-prices-in-south-africa\/\" target=\"_blank\" rel=\"noopener\">warned<\/a>\u00a0<\/strong>government cannot afford to keep extending these fuel price interventions.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/energy\/593904\/when-will-petrol-cars-be-phased-out\/\" target=\"_blank\" rel=\"noopener\">When will petrol cars be phased out?<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Parliament will hold a debate on South Africa\u2019s record petrol price increases on 15 June following an official request by the opposition Democratic Alliance.<\/p>\n","protected":false},"author":10,"featured_media":462056,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9874],"tags":[26],"class_list":["post-594564","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\/594564","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=594564"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/594564\/revisions"}],"predecessor-version":[{"id":595018,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/594564\/revisions\/595018"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/462056"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=594564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=594564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=594564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}