South African motorists and consumers will face the worst fuel hike, ever experienced by the country since democracy. The Department of Minerals and Energy has announced fuel hike starting this Wednesday. The fuel hike remains high, despite efforts by government of slashing fuel levy by 50 % from R1.50 to 75 cents.
The recent hike shows an increase in fuel by 54% compared to last year, when it was costing R17.39 per litre. The petrol prices will be hiked by R2.37 (93) and R2.57 (95) a litre, while diesel prices will rise by R2.31 (0.05% sulphur) and R2.30 (0.005% sulphur) a litre, the Department of Mineral Resources and Energy announced on Monday.
The war in Russia and Ukraine is not helping the situation, as international brent crude oil prices continue to rise. Due to load shedding of stage 6 experienced by the country as Eskom crisis continue, many South Africans have opted to using paraffin during power cuts. But they will have to dig deep into their pockets, as paraffin prices will increase by R1.66 a litre, while the maximum LPGas retail price will fall by R2.18/kg.
The prices continue to rise despite Rand gaining some strength against the dollar. The railway network of the country has totally collapsed, and many South Africans rely on taxis as a means of transport. Recently the biggest taxi associations in the country announced an increase in taxi fares, meaning the worst is still coming.
The unemployment rate remains high after Covid-19 pandemic, and the cost of basic foods has almost doubled since the Ukraine, Russian war. This is the worst situation faced by the country, hopefully the ruling party will bring some relieve to South Africams.
What do you think the ANC led government should do to remedy the situation?
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