Temporary fuel price cushion welcome but unknowns remain

The Automobile Association (AA) has welcomed the R1.50 reduction of the General Fuel Levy (GFL), but warns the temporary reprieve may only be holding back inevitable pain coming the way of consumers. As of midnight on Tuesday, the price of 93 octane increases by 28c/l, while there's a jump of 36c/l for 95 octane. April sees a mammoth increase in diesel of between R1.52/l and R1.69/l. AA spokesperson Layton Beard told BizNews the announcement by the Finance Minister Enoch Godongwana to cut the GFL came as somewhat of a surprise but is certainly positive for consumers, at least for now. How exactly the government plans to mitigate record-high increases going into June remains the question. Learn more about your ad choices. Visit megaphone.fm/adchoices