FUEL PRICES TO BE STABLE FROM NOW ON : GOVT

Diesel and petrol prices are likely to be more stable from
now on after the Government reverted to specific excise duties on these two
fuels and on paraffin.

This comes after several months of applying a percentage
duty to ensure tax collections r…

Diesel and petrol prices are likely to be more stable from now on after the Government reverted to specific excise duties on these two fuels and on paraffin. This comes after several months of applying a percentage duty to ensure tax collections rose in line with inflation. The switch implies that the Government is now reasonably certain that the high level of stability seen in the