Business owners decry predicted fuel price hike - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Several business owners have expressed concern over the predicted fuel price hikes for June 2022, with petrol likely to increase by up to R1.97 a litre and diesel by R1.62.

Owner of an Engen fuel station in Johannesburg Vukile Nkosi highlights the impact that fuel price hikes have on customers and businesses.

Nkosi says, “R1.97 is the general hike and remember that the government said that they are going to put an end to the general levy of R1.50 at the end of May. So if you add the R1.97plus R1.50 it comes to R3.47. That is a hefty, hefty kind of increase.” “So, going to the impact I am going to sell less litres so my profitability goes down. Where does the customer get impacted? The taxis are not going to swallow these prices. They are going to hike the prices so the consumers are going to be impacted and also all the goods that are going to be delivered,” Nkosi says.

 

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Cup cake is fvkng our economy..

I miss Zuma when fuel was R9/litre...We will be worst then Zimbabwe the guy incharge is clueless..

Phakama Ramaphosa

Expressed concern is not enough! People should be outraged! People should be in the streets fighting this. This is killing all of us!

Comatose govt learnt nothing from previous looting spree

This needs serious protesting in the streets before we end up like Zimbabwe

One would think being part of BRICS would be working for is but alas Cupcake does not believe in BRICS. We could be buying directly from Russia.

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Bleri lekker land die!! Ramaphosa dont feel this suffering coz his being fed with a golden spoon and driving probably with goverment petrol card

Decrease by 12c increase by R1.62c that makes perfect sense.

I miss President Zuma 😭😭😭

Welldone to ZIMBABWE....

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