Duncan Pieterse

Money Moves

Said on October 21 that the relief should be fiscally neutral and that he did not expect it to cost more than the R10 billion allocated

The November 4 adjustment delivered almost no petrol relief: 95-octane fell 1 cent a litre, while 0.05% diesel fell R1.10 and 0.005% diesel R1.20. The temporary levy cut of R1.50 on petrol and R3 on diesel was built into those prices, and the slate levy rose to 135.84 cents a litre.

Updated 2 days ago