South Africans to feel the pinch as fuel prices and inflation rise - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The Department of Minerals and Energy is expected to make the fuel price adjustment announcement early next week, as fuel prices increase on the 1st of June.

Rising fuel prices will affect the economy and consumers

AA spokesperson Layton Beard says, in terms of petrol prices, the data is showing an increase of up to R2.40 and R1.10 for diesel, while the price for illuminating paraffin will be around R1.54.Every aspect of the economy, consumers and businesses alike will be hard hit by the fuel hike. “The impact is going to be quite severe and it’s going to have a ripple effect further down the economy on a macro level in terms of inflation,” Beards adds.

Chief Executive Officer of Road Freight Association, Gavin Kelly, says that cost increase in operating a transport service will be felt most by the customer. There are concerns that the elevated fuel prices will not budge for some time and there’s a general consensus that the government needs to start thinking out of the box on working toward a sustainable economy.

 

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Please go scrap the taxes + middle man fees on fuel.

Russian oil is solution klaar

Nonsense, they must collaborate with Russian

Why wait. Today is just as good as any day to make anouncements about the fuel price changing in four days time. Incompetent ANC govt. You get what you vote for SA. SomeKnowSomeKnew

😐

Everyday I will see many reasons to testify about the great company on how they changed my life and many other people live financially. tyronbfx24 expert Thank you so much Sir

Ministers 2 months relieve for non adjustment is over just like peanut butter...we live vat n sit in this country

Madiba's rainbow nation people are weak af

This is nonsense

The new dawn is doing a great job

What is SA waiting for? Ooh I forgot they enjoy milking ordinary citizens

Adjustment with how much cents?

🤣🤣🤣🤣 CyrilRamaphosa's economy has us by the throats..

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