Con­sumers face 18c hike in price of petrol

Weekend Argus (Saturday Edition) - - PEOPLE -

FE­BRU­ARY’S petrol price in­crease is an­other blow to strug­gling con­sumers, trade union UASA said yes­ter­day.

“UASA is con­cerned that the sub­stan­tial in­crease of 18c a litre in the re­tail price of all grades of petrol may prove to be just one more blow to South Africa’s still strug­gling work­ers and con­sumers,” the union said in a state­ment.

The coun­try might no longer be in re­ces­sion, but re­lief for con­sumers lagged be­hind eco­nomic re­cov­ery, it said.

The petrol price in­crease an­nounced by the en­ergy depart­ment yes­ter­day would have a “rip­ple ef­fect” on pro­duc­tion prices.

Con­sumers would have to pay more for goods at the counter while the higher petrol price was likely to con­trib­ute to a steeper inflation rate, the union said.

The price of diesel will also in­crease on Wed­nes­day next week. The whole­sale price of diesel will rise by 10c a litre. – Sapa

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