Queues expected as motorists brace for petrol price hike
Petrol prices will increase by 88 cents per litre, diesel by 95 cents & paraffin by 76 cents at midnight.
JOHANNESBURG - It's a bitter pill to swallow, but let's find a silver lining - while the petrol price is going up by 88 cents per litre at midnight it still costs less to fill up your car now compared to a year ago.
Diesel will increase by 95 cents a litre and paraffin by 76 cents.
The Energy Department has attributed the price hike to the increase in fuel levies, transportation costs and the average increase in the prices of petroleum products in the international markets.
Now, petrol prices are going up which is going to put consumers in a difficult financial position.
A year ago consumers were paying up to R12.89 a litre for petrol.
Economist Isaac Matshego says one of the first knock on effects will be food prices.
"We have already seen the food prices go up because of the impact of the drought. We are talking about increases of more than 20 percent."
Some Johannesburg motorists say they'll be making alternative plans.
"I'm actually thinking of using Uber to get to work," one motorist said, while another added he wasn't concerned as he owned a scooter.
Queues are expected at filling stations this afternoon.