Umamah Bakharia

Consumers will see a relief at the petrol stations as prices have decreased, however the Road Accident Fund (RAF) says the contribution that they received from the petrol price, fades in comparison to what they are paying out.

The funds financial advisors were set to take this up in Parliament on Wednesday, but this was stalled by the Auditor General (AG) disclaimed opinion regarding the true state of affairs.

On Wednesday, petrol prices dropped by R2.04 a litre for both 93 and 95 octane.

However, RAF CEO Collins Letsoalo said it was not enough.

“The amount paid by people must be commensurate with the benefits they get – which is not the case in the case of RAF. The R2.18 that is paid is not commensurate to the benefit that is expended,” he says.

The Auditor-General’s audit opinion, revealed insufficient audit evidence for claims of almost R28 billion.

The office is standing by its audit, despite Letsoalo arguing the fund should be viewed as a social benefit.

The AG’s audit opinion is now the subject of a judicial review.