No suprise here: Petrol going up

Manuel hikes fuel levy - twice


Did they implement the new levies earlier?
As if not then expect a further 40.7c/l increase as of the 1st of April 2009.:o

I have been an avid critic of Manuel for a number of years now as come Budget time he always increases the Fuel Levy. In past years it has been 10 or 15 cents, this year he went the whole hog at 24 cents plus the 17.5 cents for the RAF.
He spotted the gap in the lower oil price and took it as he knows there is going to be a downfall in revenue collection the coming financial year due to the economic slowdown.
One could view his move as a stroke of genius keeping the coffers flush, but can we really be on the same side as Trevor as just look how Government wastes money as when a Department gets a budget they cannot spend it properly and similarly now that things are tougher we are supporting other African countries in the way of Zimbabwe, DRC and who knows who else. Our hard earned money is not all being spent within South Africa and one always hears of the wastage and corruption in Government circles, so myself and probably many people are simply gatvol of paying for what? For every taxpayer there are 3 people on Welfare Grants.

A Revenue Collection Service that runs so efficiently putting all other Departments to shame. Everything is so hunky dory, online and assessments are down in a matter of a couple of days. Hooray I am happy at least some Government Department runs properly, but does it not make you think that is all this Government wants us for, to just raise taxes for them.

Hey for once we agree. Manuel gets to much credit IMO. Then again he is the best of a very bad bunch :sick:
 
Adding up a few sums here.

Petrol
Levy R1.50 per litre
RAF R0.64 per litre
Total R2.14 per litre

Diesel
Levy R1.35 per litre
RAF R0.64 per litre
Total R1.99 per litre

At the current petrol price of R6.37 per litre the levy and insurance represents quite a large percentage of what we have to fork out at the pump.
For petrol the cost from Government is 33.59% or one third of what we pay.
Now take into account what the Garage gets and from what I understand this is 44 cents per litre. So of that petrol price of R6.37 per litre Government takes R2.14, the Garage takes 44 cents adding up to R2.58 per litre or 40.5% of the cost at the pump.

I am pretty sure there are some other costs one can add into this equation, but it shows me that in the very least one third of what I pay for petrol goes to Government's bottomless pit. If your car costs R300 to fill, R100 of that goes to Government.
Is there VAT on Petrol? Then add that too.

Why do you think very few Governments are actively promoting alternative energy as Oil is a huge money spinner for them.
 
Reminder:
Petrol users fill up tonight! :(

Diesel users fill up tomorrow! :)

:D
 
Shell has forecast a decrease of between 10 and 14c a liter of petrol 1 April.
 
Is that without the levy taken into account?
 
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