South Africa’s fuel price cap is on the way

[BusinessTech]

South Africa’s fuel price cap is on the way

Energy minister, Jeff Radebe, has announced that the proposal to cap the price of 93 octane petrol will be finalised soon.

 

[konfab]

Press F to pay respects.

 

[reactor_sa]

Just tell us where the money will come from? If we don't pay for it at the pumps we will be charged somewhere else.

 

[Messugga]

No such thing as a free lunch. So who is paying for the shortfall?

 

[Messugga]

Just tell us where the money will come from? If we don't pay for it at the pumps we will be charged somewhere else.

Maybe another VAT increase? It'll be the tax payer for sure, whatever form it takes.

 

[Rickster]

Press F to pay respects.

FTFY.

 

[namzsteve]

Not being negative but anything our government tries to do always goes south.

 

[TelkomUseless]

No such thing as a free lunch. So who is paying for the shortfall?

Yip.. nothing like a free lunch! More taxes coming soon

 

[3WA]

No such thing as a free lunch. So who is paying for the shortfall?

Just tell us where the money will come from? If we don't pay for it at the pumps we will be charged somewhere else.

If it's a price cap, the money would come from petrol station owners eating into their profits?

 

[Messugga]

If it's a price cap, the money would come from petrol station owners eating into their profits?

For about one big increase like we saw recently and then they're selling at a loss. So no, won't be that.

 

[dunkyd]

Who uses 93 ?? only the voter fodder maybe................

 

[Neuk_]

Maybe another VAT increase? It'll be the tax payer for sure, whatever form it takes.

Who else would pay but the tax payer?

 

[Messugga]

Who else would pay but the tax payer?

Exactly.

 

[Electron1]

Who uses 93 ?? only the voter fodder maybe................

Call me fodder then.

The money can easily come from reduced tax on fuel - a large percentage of fuel price is tax.

 

[Messugga]

Call me fodder then.

The money can easily come from reduced tax on fuel - a large percentage of fuel price is tax.

Okay, cool. And since we're already short on tax income in terms of the budget, where do you suggest the additional shortfall should come from? Personal income tax? You'll have people not driving much, subsidising those that do, in effect.

 

[requiem]

“Government is deeply concerned by the rising cost of petrol in South Africa which is largely caused by the rand-dollar exchange rate and the price of crude oil,” said Radebe at the time.

So deeply concerned you tax the living **** out of it and steal all the money...

I truly hate our ruling elite.

 

[c3n0byt3]

Well it's a proposal right now.
I take it after elections the plan will mysteriously disappear.

 

[requiem]

Okay, cool. And since we're already short on tax income in terms of the budget, where do you suggest the additional shortfall should come from? Personal income tax? You'll have people not driving much, subsidising those that do, in effect.

You don't fill a bucket full of holes by pouring more water into it. You first plug the holes.

 

[Neuk_]

Okay, cool. And since we're already short on tax income in terms of the budget, where do you suggest the additional shortfall should come from? Personal income tax? You'll have people not driving much, subsidising those that do, in effect.

This is exactly how taxes work in this country, the comparatively small middle and upper income earners, subsidizing the lower and zero income earners.

 

[Neuk_]

You don't fill a bucket full of holes by pouring more water into it. You first plug the holes.

Exactly I shouldn't laugh though but it is a simple concept that the government, SJW's and libtards the world over can't seem to grasp.

 

[Kosmik]

Sigh and diesel will keep going, so shortsighted.