concept of south african banknotes feeding into petrol tank indicating petrol price increase
Are you aware that less than 40% of the petrol price is made up of actual petrol cost? Most of it goes to pay tax (Fuel Levy), the Road Accident Fund and the various players in storing, wholesaling and retailing petrol.
As of April the makeup of the cost of petrol (as reported by the Automobile Association) is as shown in the table below.
Notes to the table:
Disclaimer: The information provided herein should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your professional adviser for specific and detailed advice.
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