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“No plans to extend levy cut on fuel prices” – Minister Gwede Mantashe

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Gwede Mantashe, the South African Minister of Resources and Energy, has stated that his ministry has no intentions to prolong the levy reduction on fuel prices.

Mr Gwede informed the public that petrol prices are projected to rise by R3.50 per litre next month.

He said that the fee was reduced in April to help motorists cope with the high cost of gasoline.

He stressed the need for his department to consult the National Treasury to see whether the levy reduction might be prolonged.

Mantashe stated that a meeting with Treasury will be scheduled to see if there are any other alternatives to the fuel price hike. P

According to SowetanLIVE, if the levy reduction cannot be maintained, petrol prices would reach a record high of R25 per litre.

He went on to state that the Department of Resources and Energy has put in place a number of energy security and supply safeguards.

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