South Africa may introduce a gasoline-price cap and ration the amount of fuel sold to motorists to mitigate the impact of rising oil prices stemming from the war in Ukraine.
Brazil has approved a bill to reduce fuel taxes on fuels; Japan will increase subsidy caps on gasoline; South Korea will extend its 20% domestic tax cuts by three months to the end of July; India has kept retail prices for diesel and gasoline at the same levels since 4 November, according to BloombergNEF.
“Possible mitigation measures to counter the impact of rising fuel prices would be strict enforcement of speed limits, encouraging working from home again, limits on diesel quotas exported, and even the possibility of limiting the amount of fuel per motorist should the situation deteriorate even further.”
The government regulates fuel prices, which include a tax used to finance a fund to compensate those involved in accidents, along with other levies that make up about a third of what consumers pay.The Treasury on Tuesday also said interventions including a price cap previously mentioned by the DMRE should be considered. The government stepped in to shield motorists from a price surge in 2018.
Yeah right, like the plan to lift covid restrictions.. Bwahaha
So how do you plan to do this? Sometimes I wonder who comes up with these stupid ideas? Cap motorist on how much they can buy! Government cannot even get illicit cigarettes out of shops, now you want to cap motorists. Idiots
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