A standard 35,000 litre fuel truck is estimated to be worth more than 400,000 rand.
South Africans are being pumped for cash as fuel prices soar to cover the cost of thieves
South Africans are being pumped for cash as fuel prices soar to cover the cost of thieves
400000
The taxes on fuel have tripled while the illicit fuel trade is rampant.
Criminals in the trade are a major reason for the rise in fuel taxes. SARS is doing all it can to crack down on illegal fuel: they have reclaimed R2 billion worth in seizure operations.
SARS loses out on so much fuel excise duty to illicit fuel hat one of the only ways to recover the revenue is to increase pump prices.
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