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Fuel and electricity price hikes have workers bent over backwards

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Fuel and electricity price hikes have workers bent over backwards

Fuel and electricity price hikes have workers bent over backwards
Photo by Bloomberg

2nd April 2024

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/ MEDIA STATEMENT / The content on this page is not written by Polity.org.za, but is supplied by third parties. This content does not constitute news reporting by Polity.org.za.

As of midnight, motorists will reach deeper into their pockets to keep up with April’s hefty fuel price increases. 

Living expenses have become a nightmare for workers who are already bent over backwards to look after their families.

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The South African Reserve Bank’s decision to keep interest rates unchanged last week brought some relief, but rising fuel prices remain a burden as the ripple effect is felt in the prices of basic needs and services. Workers are also expected to pay more for electricity following Eskom’s more than 12% price increase yesterday.

According to the Department of Mineral Resources and Energy, 93 ULP petrol will increase by 0.65c/L, and 95 ULP petrol grade will cost 0.67c/L more. Diesel 0.05% (wholesale) will increase by 3c/L, and diesel 0.005% (wholesale) will decrease by 2c/L in Gauteng.

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The price of illuminating paraffin will fall by 29c a litre, while the maximum retail price of LP Gas will drop by 19c/kg, bringing respite for the most vulnerable that use these products for cooking and heating.

UASA encourages its members and fellow South Africans to spend frugally, given these spiralling costs that are largely unavoidable.

 

Issued by UASA spokesperson Abigail Moyo

 

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