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MPs Warn Fuel Levy Hike’s Impact Will Surpass VAT Increase’s Economic Consequences

  • MPs criticize the decision to increase the fuel levy, claiming it will have a greater negative impact than a VAT hike.
  • Finance Minister Enoch Godongwana announced a 16-cent increase per litre for petrol and 15 cents for diesel.
  • The EFF accuses the Treasury of substituting a VAT increase with a fuel levy hike.
  • ANC MP Soviet Lekganyane inquires about measures to protect the poor from the levy increase.
  • EFF’s Omphile Moatwe argues the increase will not significantly boost revenue and will have a more severe impact than the proposed VAT increase.
  • The increase affects all workers regardless of their mode of transportation, making it a regressive tax.

Source: ewn.co.za

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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