Petrol tax increase proposed in South Africa

[oldBastard]

Surely you must be joking…. That’s simply not within the realm of reasonabilty

November fuel price: SA motorists could face another SHOCK

South African motorists have barely recovered from October’s fuel price increases, but early November projections point to another blow at the pumps.

www.thesouthafrican.com

 

[N@t3]

Remember government our a$$ess can only stretch so much.

 

[wingnut771]

Surely you must be joking…. That’s simply not within the realm of reasonabilty

I also didn't believe it but...

 

[handyman007]

Nah, man, this is not right. I cannot see that expected November increase at the pumps. Some people won't be able to afford going to work.

 

[VooDooC]

Nah, man, this is not right. I cannot see that expected November increase at the pumps. Some people won't be able to afford going to work.

We already can't afford to go to work, and an easy solution that can work immediately is to allow people to work 2 days a week from home, but no they need asses in seats.

 

[handyman007]

Agreed.

 

[cr@zydude]

Literally how it works in the rest of the world.

Where I currently live they import all it's oil from the same places SA does, is geographically further from oil countries, yet, in RANDS, I pay about R12 less per litre than what South Africans pay. It's already almost back to pre Iran war levels, yet SA Politicians will blame Trump for the petrol price increases.

South Africans are getting shafted in every possible way by the government and it's really sad!

Please post some numbers. That is probably a massive government subsidy, currency oddity, or the word "almost" is being stretched hard.

 

[justplain]

Come on guys. "we" the clever people of MYBB, know that the RAF is a money pot for the ANC.
They will never get rid of it. Too much moola is up for the taking.
3rd Party insurance for everyone...LOL, government cant then waste the money as it'll be going to private insurance companies.
This is not a case of things could change, it's a case of things wont change because it's been engineered to not work.
The rot has to go.

 

[cr@zydude]

I also didn't

I also didn't believe it but...
View attachment 1943511

That number was based on Tuesday's data, before Wednesday's retail and wholesale price increases.

The spot under recovery on petrol yesterday was R1.35/l. The spot OVER recovery for diesel yesterday was 2c/l.

 

[wingnut771]

That number was based on Tuesday's data, before Wednesday's retail and wholesale price increases.

The spot under recovery on petrol yesterday was R1.35/l. The spot OVER recovery for diesel yesterday was 2c/l.

Argue with:

Single biggest petrol price increase in South Africa on the cards for November

Just as petrol and diesel prices in South Africa have hit their highest-ever levels, economists are raising the alarm for November.

businesstech.co.za

 

[cr@zydude]

Argue with:

Single biggest petrol price increase in South Africa on the cards for November

Just as petrol and diesel prices in South Africa have hit their highest-ever levels, economists are raising the alarm for November.

businesstech.co.za

The CEF has said that they don't project prices forward, they post prices based on month to date data.

Doing a 'projection' early on requires a better understanding of the data than My Broadband, Business Tech or Top Auto has. Those massive under recoveries on Friday, Monday and Tuesday were because the retail and wholesale price increases would only kick in on Wednesday. Once the increaes kicked in, the spot petrol under recovery narrowed and the spot diesel under recovery flipped to an over recovery.

 

[Swa]

I do know that. but unless action is taken, we just gonna get screwed more and more.

Direct your anger towards the right people.

 

[Swa]

What is so hard to grasp for the incompetent ***** in charge, about implementing compulsory 3rd party insurance for all vehicles, that includes cover for personal injury claims. Nothing novel about the idea. We had it before, and almost every other semi functional country on earth has it as well.

Problem solved in one single pen stroke, and no more need for a corrupt government looting pool.

And people rebelled against it. Countries are moving away from it.

Well, like the rest of the world, it is enforced by the traffic department. No insurance, no license gets issued. Simple as that.

Then we can just hope the traffic cops actually do their job and impound all the unlicensed and unroadworthy vehicles.

Doesn't exactly work like that. You get asked for insurance when stopped. We don't have the enforcement in any case.

 

[Swa]

and who will enforce it? were already a lawless and broke society where if somebody gets hurt, if you call the ambulance,
first question they ask is do they have medical aid and funds in it.

3rd party doesn't replace medical aid.

 

[cr@zydude]

Literally how it works in the rest of the world.

Where I currently live they import all it's oil from the same places SA does, is geographically further from oil countries, yet, in RANDS, I pay about R12 less per litre than what South Africans pay. It's already almost back to pre Iran war levels, yet SA Politicians will blame Trump for the petrol price increases.

South Africans are getting shafted in every possible way by the government and it's really sad!

I asked you to post some supporting numbers to see what you were talking about.

While I can't speak to that exact situation without more data, below are 2 major global petrol price benchmarks. Neither is significantly affected by anything which SA does, and neither is "almost" back to pre-war levels, at least not as I see it.

https://www.cmegroup.com/apps/cmegr...ear=V6&year=2026&exchangeCode=XNYM&interval=1

https://www.cmegroup.com/apps/cmegroup/widgets/productLibs/esignal-charts.html?type=p&code=RB&title=Chart+-+Nov+2026+RBOB+Gasoline&venue=1&monthYear=X6&year=2026&exchangeCode=XNYM&interval=1

 

[Lupus]

I think the electric cars owners should be taxed extra - for not using petrol

I mean if I must kak n' betaal for my solar because of the electricity I DO NOT use - then fair is fair - ek sѐ?



View attachment 1943448

Yup hence why 3rd party should be mandatory

 

[Lupus]

View attachment 1943482

ANC demands cuts to levies dreamt up by the ANC and stolen by ANC cadres. If only those 3 separate organizations could open a discussion.

They tend to forget they are the ones in power. Still stuck in a liberation movement logic

 

[Scooby_Doo]

View attachment 1943482

ANC demands cuts to levies dreamt up by the ANC and stolen by ANC cadres. If only those 3 separate organizations could open a discussion.

These mother fuggers are lining up the coalition government to take the fall for not dropping the levies by driving this an "ANC initiative".

Oh we tried but the DA in the coalition blocked it...

 

[charlieharper]

I asked you to post some supporting numbers to see what you were talking about.

While I can't speak to that exact situation without more data, below are 2 major global petrol price benchmarks. Neither is significantly affected by anything which SA does, and neither is "almost" back to pre-war levels, at least not as I see it.

https://www.cmegroup.com/apps/cmegroup/widgets/productLibs/esignal-charts.html?type=p&code=N1B&title=Chart+-+Oct+2026+Singapore+Mogas+92+Unleaded+(Platts)&venue=0&monthYear=V6&year=2026&exchangeCode=XNYM&interval=1

https://www.cmegroup.com/apps/cmegroup/widgets/productLibs/esignal-charts.html?type=p&code=RB&title=Chart+-+Nov+2026+RBOB+Gasoline&venue=1&monthYear=X6&year=2026&exchangeCode=XNYM&interval=1

At current exchange rates.
My current diesel (Korea): 1,790 KRW/L → ≈ R21.90/L
National average diesel (Korea, early Oct): ~1,843 KRW/L → ≈ R22.70/L
Pre-Iran war (my experience, what I remember paying around January 2026): ~1,600 KRW/L → ≈ R19.70/L
Peak during the war, at least what I remember paying: ~2,100 KRW/L → ≈ R25.80/L

Some streetview screenshots to back up the trend, from my local petrol station:

First image. Long before Iran war, middle price on the sign is DIESEL per litre in KRW.



May 2026, pretty steep, deep in the war, although still less than the 2000+ krw per litre I experienced at some point.



July 2026 - still decreasing.

I filled up 2 weeks ago and paid 1790won per litre. Still up, from pre-Iran war, but much closer to pre Iran War levels, compared to the max I paid few months ago.

Also worth noting, the ZAR - USD exchange rate, the RAND is doing pretty well against the USD, so if anything, it should work in your favour.
Korean currency is quite weak at the moment against the USD, at least compared to what it was a year ago, so in theory it could be even cheaper if it wasn't for that.

 

[cr@zydude]

At current exchange rates.
My current diesel (Korea): 1,790 KRW/L → ≈ R21.90/L
National average diesel (Korea, early Oct): ~1,843 KRW/L → ≈ R22.70/L
Pre-Iran war (my experience, what I remember paying around January 2026): ~1,600 KRW/L → ≈ R19.70/L
Peak during the war, at least what I remember paying: ~2,100 KRW/L → ≈ R25.80/L

Some streetview screenshots to back up the trend, from my local petrol station:

First image. Long before Iran war, middle price on the sign is DIESEL per litre in KRW.

View attachment 1944567

May 2026, pretty steep, deep in the war, although still less than the 2000+ krw per litre I experienced at some point.

View attachment 1944568

July 2026 - still decreasing.

I filled up 2 weeks ago and paid 1790won per litre. Still up, from pre-Iran war, but much closer to pre Iran War levels, compared to the max I paid few months ago.

Also worth noting, the ZAR - USD exchange rate, the RAND is doing pretty well against the USD, so if anything, it should work in your favour.
Korean currency is quite weak at the moment against the USD, at least compared to what it was a year ago, so in theory it could be even cheaper if it wasn't for that.

Thanks for the numbers, it looks like South Korea is subsidising diesel. The government sets a 'maximum selling price' and then pays refineries the difference between that set price and what they would get for exports. Effectively, South Korea's taxpayers are subsidising diesel users.

https://www.argusmedia.com/en/news-and-insights/latest-market-news/2798723-south-korea-to-implement-fuel-price-cap

Seoul freezes fuel price caps amid Mideast tensions

The South Korean government on Friday kept its price ceilings for fuel products unchanged for the third consecutive period amid elevated oil prices and escalati

www.koreaherald.com

https://www.japantimes.co.jp/business/2026/09/23/economy/south-korea-fuel-holidays/
https://www.spglobal.com/energy/en/...an-product-exports-on-stable-feedstock-supply

In Asia, Sinagpore is the benchmark fuel region. Singapore diesel prices (a proxy for what Korean refiners can charge for exports) are well above prewar levels.

www.cmegroup.com/apps/cmegroup/widgets/productLibs/esignal-charts.html?type=p&code=SGB&title=Chart+-+Oct+2026+Singapore+Gasoil+(Platts)&venue=0&monthYear=V6&year=2026&exchangeCode=XNYM&interval=1

$172/b for diesel in Singapore is equal to about R18/l. That's just diesel in a ship near Singapore, before any of the costs of getting it to an end user.