Covid-19 Outbreak SA Online Resource | More info
Insurance, Car Insurance, Funeral Cover, Life Insurance, Budget Insurance, Insurance Quotes, CompareGuru, South Africa.
Car and Household
Business
Life and Funeral
Car Insurance
Cover your vehicle
More Information
Get Quote
Pre-Owned Warranty
Cover the mechanical and electrical components of your vehicle
More Information
Get Quote
Extended Warranty
Cover the mechanical and electrical components of your vehicle
More Information
Get Quote
Scratch and Dent
Cover small dents, chips and scratches to your vehicle
More Information
Get Quote
Tyre and Rim
Cover damages to your wheels
More Information
Get Quote
Home Insurance
Cover your home and everything in it
More Information
Get Quote
Commercial Vehicle Insurance
Protect vehicles and drivers used in the day-to-day operation of your business against risks like financial loss, damage or personal injury.
More Information
Get Quote
Commercial Insurance
Provide cover against common risks and disruptions to business operations, such as theft, damage to property, employee / client injury and much more.
More Information
Get Quote
Directors and Officers Liability
Safeguard your business and key players from financial loss with the right policy.
More Information
Get Quote
Errors and Omissions Liability
Covers your business and employees against claims of negligence, poor workmanship, and more.
More Information
Get Quote
Life Insurance
Provide for your loved ones
More Information
Get Quote
Disability Insurance
Protect your paycheck
More Information
Get Quote
Serious Illness Insurance
Cover yourself for illnesses like cancer, Alzheimers, Parkinsons, strokes or heart attacks.
More Information
Get Quote
Funeral Cover
Protect your family financially and cover funeral expenses
More Information
Get Quote
Domestic Worker Insurance
Cover the person that looks after you and your family everyday
More Information
Get Quote
Menu
Home
About Us
Domestic Worker Cover Quote
Life Insurance Quote
Car Insurance Quote
Funeral Insurance Quote
Extended Warranty Quote
Pre-Owned Warranty Quote
Scratch and Dent Quote
Tyre And Rim Quote
News Room
Meet The Team
Careers
Providers
Insurance
Car Insurance
Building Insurance
Household Contents Insurance
Life Insurance
Disability Insurance
Serious Illness Insurance
Domestic Worker Insurance
All Risk Insurance
Funeral Insurance
MotorVAPS Cover
Commercial Insurance
Commercial Vehicle Insurance
Directors and Officers Liability Insurance
Errors and Omissions Liability Insurance
Support
Contact Us
Terms of Service
Privacy Policy
Disclosures
Client Letter
POPI Act
PIA Act
CIM Policy
Complaint Escalation
TCF Form

News Room

Relief For Motorists With Petrol Price Cap

Jason Snyman
2018-10-16
As we begin to dust off our heavy-duty walking shoes, the Department of Energy may have given South Africans some hope. The government is reportedly working on a solution to the skyrocketing price of fuel.

The outrageous price of fuel has dominated South African news headlines over the last couple of months. The situation has become untenable.

As we write this, COSATU (Congress of South African Trade Unions) is staging a picket on the N3 highway at the Mariannhill Toll Plaza, KwaZulu-Natal, to protest both the cost of fuel and the recent VAT increase.

According to a statement issued:
 

Problems facing South Africans are man-made‚ through the exploitation of men by men, which must be ended through the struggles by the poor masses of our country. “The most daunting facts about the current increase in fuel and VAT are that‚ when it comes to expenses and the cost of living‚ the poor and the rich are expected to pay the same‚ while the share in the economy of the country remains unequal.

The picket, so far, has not gone well. According to confirmed news reports, Police have fired stun grenades in an attempt to disperse the crowd and prevent protestors from stopping N3 Durban traffic.  

The price of petrol is currently sitting at unprecedented levels, with 95 ULP in Gauteng costing R17.08 per litre and Coastal costing R16.49 per litre.

These hikes have inevitably resulted in the cost of everything else going up – including basic human needs such as food, heat and public transport.

But, perhaps there is finally some relief on the way.
 

Government May Put A Cap On The Fuel Price

The word of our government is about as useful as an airbag on a motorcycle. But, nevertheless, we cling to hope. Energy Minister, Jeff Radebe, has said that the government is currently mulling over the idea of setting a maximum price for unleaded fuel.

As the price of global crude oil continues to rise, Radebe stated that the government is fully aware of the effect the rising fuel price has had on South African citizens, and that it is currently looking into solutions to reduce that impact.
 

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.

A task team has reportedly been put together in order to have a look at the legal implications of implementing a price cap, as well as the basic logistics.

This team includes officials from both the Department of Energy and the National Treasury, and is expected to arrive at a decision by 18 October 2018.
 

For More On The Fuel Price

We’ve attempted to cover stories which are not only insightful for the average consumer / motorist, but also helpful.

We recently reported on how funds allocated toward repairing damaged roads throughout the country have now been re-routed in order to further fund the catastrophic failure of the E-Toll system. That’s right, we’re burning money, and in the meanwhile, consumers have just been forced to swallow the largest fuel price hike in SA history.

We’ve also compared the price of fuel in South Africa to that of other countries, and just to play devil’s advocate, we’ve highlighted a pretty common fact that countries with the lowest fuel prices are more prone to violent crime and poverty in the face of collapsing economies.

We have offered extensive tips on how to get the best out of your vehicle and how to save fuel as much as you can, and we’ve asked – does the government even really care at all?
 

CompareGuru Social TwitterCompareGuru Social FacebookCompareGuru Social LinkedIn

Sign up to our Newsletter now, and don’t miss a beat.

Email Address
Name
Sign Up