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Stojan Marinkovic

@stojansivk

a year ago
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Posted On: July 30th 2025, 07:17 am

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The petrol price will drop by a mere 1c per litre overnight as a massive increase in the slate levy cancels out the relief on the general fuel levy granted by Treasury. Diesel will, however, drop by between a rounded R1.10 and R1.20 per litre at wholesale level. The slate levy feeds the Slate Fund, which is used to refund fuel importers for the difference between what they actually pay for fuel on open markets and the regulated price at which they may sell it. The Slate Fund’s balance at the end of September was almost -R16 billion, which necessitated an increase of 48.14c per litre in the levy, bringing it to 135.64c per litre. More at the link in bio.
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