FUEL HIKE, OUR NEW REALITY.
TEN TIPS TO SURVIVE THE FUEL HIKE
The Department of Minerals and Energy adjusts fuel prices every month, whether to increase or decrease fuel cost in South Africa. These adjustments are prompted by various international including local factors. Some of the major factors that impact and continues to affect such adjustments is the fact that South Africa imports crude oil as well as purchase finished products at the dollar rated price tag and this includes shipping costs and tariffs.
South African’s are trying to adjust and make sense on the recent all-time high fuel hike in the beginning of October this year. And while we are still gasping for air in disbelief reality hits as we go to pumps and the petrol gage struggles to climb as we know it should. Just like that, ‘ BAM’ we are tossed yet into another fuel hike, diesel and illuminating paraphing has gone up increasing and bit of a relief for petrol users. This is a dilemma since most business use diesel, with that in mind this could influence an increase on product affecting and customers. Over the past eight months fuel cost has resin to almost R4,00 surely we are living in tough times or tough times ahead. For the township entrepreneur it is going to be an uphill battle that requires a tactical approach to ease the inevitable impact of fuel hike. Let us look at some basic thing we can do to minimise and to manage the impact. Here are some tips, ten things you can do to ease the impact from your pocket. This calls for a creative mind and be havioural change, we have to dothings in a certain way to achieve our goals and fuel hike should not herald the end of a dream.
TEN TIPS TO SURVIVE IT…
1. Review and revise your personal as well as business fuel costs you’re your monthly budget.
2. Be aware of how much will the new fuel price cost per litter and review how much will this reduce your kilometres per litter.
3. Plan trips and routs beforehand and make sure to avoid traffic and rush hour congestions.
4. If you have two cars drive the lighter one when you are running errands.
5. Review your insurance and see if you can negotiate for a lesser insurance premium and this might mean getting new quote from other insurance providers. We are chasing maximum benefit and to save a bit.
6. Try to park your car on a shade to manage the cooling of the car. And make sure the windows are closed where driving in high speed.
7. Travelling long distance, if you can, get people who are going in the same direction or place travel together and let them contribute on fuel and tolling cost, it is important to manage the load.
8. Whenever you can take walk or a taxi where it is cheaper to do so, the time to show off is over.
9. Keep your car clean especially the interior, a bad smell equal open window which will could slow you down. Aerodynamics.
10. Make sure your car is serviced well and regularly, make sure your tyres are well inflated. Successful entrepreneurs are known for saving. I guarantee you it is not easy to change your behaviour, if you work on changing your behaviour you will needs to be dedicated and highly discipline. Only then you will see the results. Happy saving.