AGRICULTURAL NEWS - Although fuel prices are expected to decrease early in April 2018, any benefits that this may have had on consumer pockets, including those of farmers, will be cancelled out by increased government fuel levies.
This was according to the Automobile Association of SA (AASA), that said the anticipated drop in basic fuel prices were as a result of slightly lower international crude oil prices in combination with a relatively flat rand/US dollar exchange rate during March 2018.
“However, despite the predicted decrease in the basic price of fuel, the additional 52c added to the fuel levies will push the overall price of fuel at the pumps up in April 2018,” the AASA said in a statement.
During his 2018/19 national budget speech, SA’s former minister of finance, Malusi Gigaba, announced that as of 1 April the general fuel levy would increase by 22c to R3,37/ l and the Road Accident Fund Levy by 30c to R1,93/ l.
