Tag: FuelLevy

Global fuel market dynamics play an enormous role in determining fuel prices. Global oil price volatility strongly influences these dynamics. Supply and demand remain highly relevant. They influence what the global market will pay for a barrel of oil. They also shape perceptions of shortages. In turn, these perceptions can trigger buying sprees that push prices higher.

We note that the government has dropped the planned additional R20 billion from individual taxpayers. We welcome that decision. However, this outcome stems from the commodities boom that has saved our necks. What will happen in 2027 if that commodities boon disappears? The question remains whether that boon will continue to flow into the deep, dark pit of government spending.