AA warns of catastrophic petrol price increase for South Africa - predicts R20 by end of the year

Gordon_R

Gordon_R

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JohnStarr said:
Yes, but not at the same output as the Middle East. They don't have the capability to match the capacity unfortunately. The Yanks also have oil.
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All I'm saying is that South Africa imports oil from Nigeria and Angola. This thread isn't about which country is the biggest producer.
 
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JohnStarr

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Gordon_R said:
All I'm saying is that South Africa imports oil from Nigeria and Angola. This thread isn't about which country is the biggest producer.
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No, but the high prices are related to output and OPEC countries all stick to the same song. So while some members decrease output, others keep it the same. But the supply/demand changes anyway affecting prices irrespective of where we buy our oil from.
It's not a very competitive market at all.
 
Stuey74

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supersunbird said:
Yes, no tax or levy on the fuel price is percentage based, we are super duper sure.

Which is why we, the informed, say that a high fuel price is actually bad for SA government, since people buy less fuel as they curtail or optimise their travels as much as they can, which means they actually get lets income from fuel.
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It's the same as Eskomnomics, charge more and the user inevitably uses less (as well as Eskom asking you to use less).
 
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roskii

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John Tempus said:
You didn't just type that out, or did you ?

If what you state is true then the fuel levy would never have gone up as the price per liter went up.

What you stated is absolutely false, the fuel levy is calculated at a tax % level per liter. Each time the fuel price goes up, the tax levy amount of the increase also goes up. I guess that is just an accident and have nothing to do with % and math.

It doesn't matter if you want to call it a "fixed" fee or not, at the end of the day when the fuel price goes up then they request the fuel levy also to go up. They have been doing it for decades now, and it works out no different to a % per liter. The funny thing is that when the price dropped they still requested a levy increase per liter.

I wonder why we don't have 10c per liter fuel levy these days, guess you should remind the government about that.
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You are completely wrong lol.

For diesel, the Fuel Levy & RAF Tax are adjusted yearly from 1st April. Prior to April 2021, they were R3.63 and R2.07 respectively. After April, they were adjusted to R3.79 & R2.18.

Without a slate levy being applied (R0.1316 for Oct 21), current total diesel taxes amount to R6.0143/L.

Feel this should be made clear as I've seen countless people so 1) its % based when it is not 2) taxes make up R8-10 of each L, when they do not.
 
Neuk_

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roskii said:
You are completely wrong lol.

For diesel, the Fuel Levy & RAF Tax are adjusted yearly from 1st April. Prior to April 2021, they were R3.63 and R2.07 respectively. After April, they were adjusted to R3.79 & R2.18.

Without a slate levy being applied (R0.1316 for Oct 21), current total diesel taxes amount to R6.0143/L.

Feel this should be made clear as I've seen countless people so 1) its % based when it is not 2) taxes make up R8-10 of each L, when they do not.
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I am still surprised how people have no idea how the fuel price works in SA :unsure: That and how a lot of people still believe that SA makes all it's fuel from coal.
 
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roskii

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Neuk_ said:
I am still surprised how people have no idea how the fuel price works in SA :unsure: That and how a lot of people still believe that SA makes all it's fuel from coal.
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Well it's certainly easier to take 1-2 sentences of false info as fact from social media, than to actually spend a bit of time understanding fuel composition as it is explained on the CEF's website. It also doesn't help that the monthly press release from the CEF is not structured in the simplest format :X3:

To give everyone some perspective, the Basic Fuel Price (BFP) component (excl. taxes / margins / zone differentials etc) was R4.8903 (diesel) in December. For October it is R7.7503. Now while the ZAR/USD rate plays a factor in calculating BFP, the main contributor to this is crude pricing (which is now peaking at over 85$/bbl). The Daily BFP from Friday was R9.3401 :eek:. This is why we are on track for a massive increase...
 
Slegdehammer67

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OK they lost a lot of their Tax Base as a result of the lockdowns and I cannot help but wonder if this increase has got something to do with recovering from that as well. They are bloody good at stealing things, and will this just invoke more stealing? I mean, Xmas is just around the corner...anyway, what do I know?
 
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cr@zydude

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Slegdehammer67 said:
OK they lost a lot of their Tax Base as a result of the lockdowns and I cannot help but wonder if this increase has got something to do with recovering from that as well. They are bloody good at stealing things, and will this just invoke more stealing? I mean, Xmas is just around the corner...anyway, what do I know?
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The November and December increases will not bring the State any additional revenue.
 
supersunbird

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Slegdehammer67 said:
OK they lost a lot of their Tax Base as a result of the lockdowns and I cannot help but wonder if this increase has got something to do with recovering from that as well. They are bloody good at stealing things, and will this just invoke more stealing? I mean, Xmas is just around the corner...anyway, what do I know?
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Apparently you do know nothing indeed, unless this "they" you are talking about are the oil producers, but somehow I think you are referring to the ANC (incorrectly).
 
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richjdavies

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Swa said:
How does that work exactly? I see it's also only for VAT registered businesses. What I'm talking about is different fuel for off road use so you could use it even for your generator.
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Makes complete sense to me.

Unlike everything else the business buys you can't recover VAT as there is no VAT to recover on fuel. But they let you recover the taxes they do charge.

Having Red Diesel and other weird things like the UK just leaves it open for huge abuse.
 
Dave

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Swa said:
What I'm talking about is different fuel for off road use so you could use it even for your generator.
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richjdavies said:
Having Red Diesel and other weird things like the UK just leaves it open for huge abuse.
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Though of course a red (or green) diesel scheme would offer Swa what he was asking, a discounted diesel for off road use.
 
LetsDance

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This government and across the world actually, need to increase the interest rates because inflation is getting out of hand. Down the poofy shaft we go.
 
Aghori

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supersunbird said:
With how taxis and other Saffers drive? :eek:
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Just this morning... 2 near misses from an idiot suddenly deciding to switch lanes and making me brake like a train, and a **** who speeds past a red robot. Quiet day though.
 
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