Petrol price hike due to Cabinet reshuffle - economist
The Energy Department announced that motorists can expect to pay 49 cents more for a litre petrol next month.
JOHANNESBURG – Economists have linked the petrol price hike to President Jacob Zuma's Cabinet reshuffle in March.
The Energy Department on Thursday announced that motorists can expect to pay 49 cents more per litre for petrol.
Diesel is going up by between 30 and 32 cents per litre and paraffin by 34 cents per litre.
Economist Mike Schussler says: “I think it’s more to do with the political upheaval, the decline of the rand that came with the political upheaval. It certainly did impact the petrol price, therefore one can say this petrol price (hike) is due to the change in the Finance Ministry.”
(Edited by Masechaba Sefularo)