Motorists frustrated by recent petrol price increases
Last week the Energy Department announced the price of petrol is going up by as much as 47 cents a litre.
JOHANNESBURG - Motorists are expected to head to filling stations across the country this evening with the petrol price hike due to kick in at midnight.
Last week the Energy Department announced the price of petrol is going up by as much as 47 cents per litre.
Diesel will now cost between 46 and 49 cents more.
The department also said that consumers will fork out between 42 cents more for illuminating paraffin while liquefied petroleum gas will go up by R1 per litre.
These motorists say they're frustrated by the continuous increases.
"It's not something I can change so I try not to worry about it too much…
"This is something the government must check in, probably they must subsidise the petrol price…
"It's not good news, and I think it's going to get worse. Look at where the dollar-rand is now; it's only going to get worse."
Meanwhile, economists have urged consumers to tighten their belts, saying they expect the petrol price to keep rising.
Economist Goolam Ballim said while there are factors that will buffer increases, the latest hike is attributed to the steady hike in the crude oil price.
"Many consumers will feel that the reprieve was temporary which means we'll more or less get back to where we were in the middle of last year in terms of the cost of fuel and transportation."
At the same time, economist Dawie Roodt said the average consumer in South Africa is carrying a very heavy burden at the moment.
"Things do not seem to be lifting up soon."
The department said the main reason for the fuel price increase is the high crude oil prices which resulted in higher prices (on average) for all the petroleum products in the international markets in May 2015 compared to April 2015.