Diesel price hike 'more impactful', says Sacci
The freight industry will be worst affected by Wednesday’s petrol and diesel hike.
JOHANNESBURG - As motorists prepare for a petrol price hike of 41 cents, the South African Chamber of Commerce and Industry (Sacci) on Friday said the freight industry would be worst affected by the 17 cent a litre hike in the price of diesel.
The Department of Energy this week said the weak rand and international oil prices led to the increase.
The price adjustments will come into effect on Wednesday.
Sacci CEO Neren Rau, meanwhile, said the increase was expected.
“The local petrol price is largely driven by the global petrol price. And of course, while we look at the impact that the petrol price has on consumers, it is diesel that is more impactful in terms of the movement of goods (and freight).”