This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.
BL Premium reports that South Africans can expect record fuel price increases in April, which will be yet another blow to already embattled consumers.
Commenting on mid-month fuel data released by the Central Energy Fund (CEF), the Automobile Association (AA) projects fuel prices of around R24/l for petrol and R23.60 for diesel. Based on the current data, 95 octane petrol is set to increase by R2.15/l, 93 octane is expected to climb by R2.07/l, diesel by between R2.94/l and R3.08/l and illuminating paraffin by R2.51/l. “If realised at month end, these will be the biggest increases to fuel prices in SA’s history and will, undoubtedly, have major ramifications for all consumers and the economy in general. We must note, though, that this is the mid-month outlook, and oil prices are, for the moment, see-sawing significantly so there may yet be some relief before the official adjustment by the department of mineral resources and energy is made going into April,” the AA indicated. Fuel prices hit record highs in March, with petrol costing more than R21 a litre for the first time. The main driver behind the increases is the movement in international oil prices. The government is considering measures to shield consumers from potentially dramatic price hikes.
- Read the full original of the report in the above regard at BusinessLive (subscriber access only)
Get other news reports at the SA Labour News home page