Petrol price hike ‘le­gal theft’

The Independent on Saturday - - OPINION - From: RESHMA HARINARAIN

RE­GARD­ING the lat­est petrol price in­crease, by a mas­sive 67c a litre, it is time cit­i­zens said enough is enough! The in­crease can only be de­scribed as le­gal theft.

For the past eight years or so there has been a dra­matic fall in the price of Brent crude oil – from a high of $125 to be­low $50 a bar­rel. In fact, South Africans should be pay­ing about R6 a litre for petrol. Although the price of crude oil has dropped al­most 70%, mo­torists are pay­ing more for petrol. High fuel prices have an ad­verse ef­fect on the coun­try’s pop­u­la­tion, es­pe­cially the poor, with ris­ing food prices and trav­el­ling costs.

Where the mas­sive sav­ings from the low Brent crude prices are go­ing is any­one’s guess.

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