Consumers will have to dig deeper to pay the higher fuel price from today forcing many to adopt even tighter budgets and to cut back on groceries to be able to pay for transport.

Trade Union, United Association of South Africa, spokesperson Abigail Moyo said the fuel price hikes would make life even more difficult for consumers who are already battling to make ends meet. The higher fuel price will also have a knock on effect and lead to an increase in the price of many goods and services.

“The fuel price increase will hit South Africans right into their cash-strapped pockets, forcing them into ever-tighter financial survival strategies,” Moyo said.

Abigail Moyo, United Association of South Africa (UASA)

“Most workers have been in the throes of financial hardship for years, and this price hike will do nothing to give them hope for the future,” she said.

Higher Fuel price will increase the cost of goods and services

Moyo added that many retailers would pass the higher fuel prices onto consumers by increasing the prices of  their goods.

“The higher price will be passed on to consumers, many of whom already live below the breadline but need public transport to reach shops to buy necessities. Those who depend on paraffin for household use will also feel the extra expense,” Moto said.

“UASA encourages its members and all South Africans to keep tight household budgets and be money wise.”

In case you missed the latest annoucement, here are the fuel price increases that came into effect from midnight on Tuesday 2 March.

  • Petrol went up by 66 cents per litre.
  • Diesel rose 57 cents per litre.
  • The average petrol price forecast for March 2021 – R16.33 inland, R15.63 at the coast.
  • Average diesel price forecast for March 2021 – R14.15 inland, R13.55 by the coast.
  • Illuminating paraffin increased by 49 cents.

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Presh JM Reporter

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