Levy dropped, but fuel price set to rise

28 March 2014 - 02:03 By Phetane Rapetswane
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Minister of Finance, Pravin Gordhan. File photo.
Minister of Finance, Pravin Gordhan. File photo.
Image: Leanne Stander

An inland fuel transport levy that costs motorists an extra 3c/l will be abolished from next month, the Department of Energy said yesterday.

"The minister has approved the termination of the Incremental Inland Transport Recovery System levy with effect from April 2," the director of Fuel Pricing Mechanisms, Robert Maake, said.

"This levy will not be part of the basic fuel price, so it will be a 3c reduction from the pump line," he said.

Maake would not give hints on whether the fuel price would increase or decrease tomorrow.

"What I can say is that consumers must be aware that fuel levies, the road accident fund and transport costs would also be adjusted."

Finance Minister Pravin Gordhan said the annual fuel levy will increase by 12c, and the Road Accident Fund will increase by 8c.

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