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Crisis in Ukraine could lead to more tax shedding with looming fuel shortages

The crisis in Ukraine poses an even greater threat to South African peace of mind than rising fuel prices – it could also lead to fuel shortages and rationing, as well as more tax cuts as Eskom struggles to cope with the rising costs of running its gas turbines. to hold. Energy analyst Ted Blom warned yesterday of “a fuel shortage starting July 1, due to the closure of oil refineries in Cape Town and Durban by the end of June”. While Blom didn’t believe rationing was in order, other countries in Europe had been preparing for potential fuel shortages, in addition to crippling…

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