Fuel price hike is killing the business, drivers working mostly for petrol, says taxi association

Cosatu says the price increase spells bad news for all South Africans but it's worse for poor familiesIt is hard coping with fuel price hikes, said the EFF, Cosatu and a taxi association.Constant increases in fuel prices will push more people into poverty.From Wednesday, petrol prices increased by 28 c/l , diesel with 0.05% sulphur went up by 9c/l, paraffin by 58.00 c/l while diesel with 0.005% sulphur decreased by 0.84 c/l.

“The hike of petrol and diesel is killing the business. The drivers are working for fuel, they spend from R4,000 to R5,000 a week for fuel. The sad part is that they are not even making that money,” Mukhari said.

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PERSONAL FINANCE: Financially stressed South Africans living in the moment neglect planning for the futureYolo. Fomo. You Only Live Once. Fear Of Missing Out. These are life mottoes that have become entrenched in modern culture and are often used as hashtags on social media. However, when it comes to personal finances, Yolo and Fomo are not the way to go.
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