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Taxi commuters could soon fork out more after fuel price hike

The industry says its drivers are finding it extremely difficult to stay in business.

Picture: EWN.

JOHANNESBURG - With the fuel price going up at the stroke of midnight, the taxi industry says drivers are finding it extremely difficult to stay in business.

From tomorrow, petrol will cost 52 cents more a litre, while motorists will have to fork out 76 cents more for diesel.

The price of paraffin will increase by 62 cents a litre.

The increases will soon be passed on to taxi commuters, when the industry reviews its tariffs next month.

The South African National Taxi Council (Santaco) president Phillip Taaibosch says, "It becomes difficult when the prices are going up and you would find that we take a lot of time be for we consider the price increases. We are always looking at our customers and we have never been unreasonable with them."

This is the second petrol price increase in the space of a month, as it went up by 12 cents per litre on 4 May.

LISTEN: Latest petrol price hike could hurt more than you think

Diesel went down by between one and two cents per litre, while illuminating paraffin decreased by nine cents per litre.

The Energy Department earlier this week said economic factors affecting the national retail price of illuminating paraffin and a weaker rand contributed to the fuel price hike.

Meanwhile, economists say the fuel price increase was expected and motorists should not expect things to turn around any time soon.