Fuel Price Hike: Tough Times Ahead
Taxi Magazine|Spring 2017

With a steep fuel price hike on the cards against the backdrop of the current economic crunch‚ business rights organisation AfriBusiness has warned of tough times ahead.

The organisation‚ with more than 12‚000 member-businesses‚ said a 67 cents per litre increase in the price of petrol and a 44c/l rise in the price of diesel will be felt across businesses and SA will feel the pinch.

CEO Piet le Roux said the increase‚ the fourth since February‚ naturally affects the cost of transportation and commuting‚ adding that prices of food‚ goods‚ services and agriculture are determined by the cost of fuel.

“Fuel‚ like electricity‚ affects all businesses and adds to cost base. It feeds to the cost structure of the economy‚” he said.

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