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Inshock, More bad news expected for South Africa in June

The cost of living is rising, while finding work is becoming more difficult in the Republic of South Africa.

More and more young individuals with advanced degrees are sitting at home doing nothing because of a lack of employment in the economy. The government, on the other hand, seems to be raising food and other commodity prices without halting.

Since the beginning of this year, the cost of cooking oil has increased in lockstep with the rest of the food basket. Every month, the price of petrol goes up by more than R1, not by pennies.

A major gasoline price increase is now expected in June 2022, according to motorists. Even taxi drivers were forced to lower their fares due to the recent rise in gasoline costs.

South Africans are already struggling to make ends meet due to the high cost of living, so this latest predicted gasoline price jump would be a significant strain.

According to analysts, the government can do nothing to prevent the rise in prices from being driven by causes that are beyond its control.

Source: https://businesstech.co.za/news/energy/586918/here-is-the-expected-petrol-price-for-june-4/

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