AGRICULTURE NEWS - It is expected that the new carbon tax to be levied on fuel, coupled with the expected local diesel price increase, would result in diesel consumers paying 20c/l more from Wednesday.
This was according to Grain SA economist, Ikageng Maluleke, who said the carbon tax also meant that the petrol price would go up 4c/l, instead of the expected decrease of 13c/l for June.
“A number of factors contribute to the wholesale price of diesel, such as the international crude oil price, exchange rates, and international supply and demand balances for petroleum products. In South Africa, we can now also add the domestic carbon tax,” she added.
Read the full article here on the Caxton publication, Farmer's Weekly
