Outa condemns fuel and electricity price hikes
“We are of the opinion that the general fuel levy, which is now at R3.52 per litre on petrol, is excessive,” Mr Ronald Chauke, portfolio manager for energy, said.
The Organisation Undoing Tax Abuse (Outa) recently issued a press release, saying government mismanagement contributes to fuel price increases.
According to them, fuel and electricity price hikes will not help the economy
They referred to Eskom’s electricity prices to direct customers that went up, the monthly increase in fuel prices took effect as well.
“We are of the opinion that the general fuel levy, which is now at R3.52 per litre on petrol, is excessive,” Mr Ronald Chauke, portfolio manager for energy, said.
“This levy generated R75bn in revenue in 2018/19 and accounts for 23% of the petrol price.”
The organisation believes that Treasury has pushed the general fuel levy too far over the past decade, from R1.21/l at the begiining of 2008 to this month’s R3.52/l.
