Consumers will bear the brunt of higher fuel prices - Road Freight Association
The Road Freight Association said that while another fuel price increase would have a negative impact on the logistics sector, consumers would bear the brunt of the higher operational costs.
Petrol, diesel, filling station, Pixabay
JOHANNESBURG - The Road Freight Association said that the impact of high fuel prices would be largely felt by consumers as businesses would add the higher cost to retail prices.
This follows a prediction of yet another fuel price hike in March that is expected to breach the R24 mark per litre.
This is based on unaudited data from the Central Energy Fund.
The Road Freight Association said that while another fuel price increase would have a negative impact on the logistics sector, consumers would bear the brunt of the higher operational costs.
Both grades of petrol are expected to increase by close to one rand fifty cents, while diesel is expected to increase by over one rand fifty cents.
Meanwhile, the Automobile Association (AA)'s spokesperson, Eleanor Mavimbela said that this predicted increase was concerning.
"We remain concerned about these expected increases, which will undoubtedly put more pressure on already stretched consumers."
The AA said that the Department of Mineral Resources and Energy should find other ways to help deal with the impact of the increase on motorists.