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BusinessLive reports that while the adjusted fuel prices for May show a decrease in the cost of both grades of petrol, the Automobile Association (AA) says the significant increases in the prices of diesel and illuminating paraffin will have a substantial effect on the cost of living.
On Tuesday, mineral resources and energy minister Gwede Mantashe announced a 12c/l decrease in the prices of both grades of petrol, but increases of between 92c/l and 98c/l for diesel inland, between 88c/l and 94c/l for diesel at the coast, and between 79c/l and 82c/l for illuminating paraffin. The adjustments came into effect at midnight. According to the department, the average international product prices of petrol decreased, while those of diesel and illuminating paraffin increased. “Naturally, the decreases to petrol are welcome. They will offer some relief in the short-term. Of concern, however, are the high increases in diesel and illuminating paraffin which will, undoubtedly, put extra financial pressure on millions of South Africans already struggling to make ends meet. The price of illuminating paraffin is particularly worrying as this fuel is used for cooking, heating and lighting and comes as SA enters winter,” the AA noted. The association said the relief offered in February of a reduction of the General Fuel Levy (GFL) by R1.50 was cushioning the blow of the increases, but a more permanent solution had to be found before month-end.
- Read the full original of the report in the above regard by Dennis Droppa at BusinessLive
- Read too, Diesel price to rise on Wednesday, but petrol price to decrease, at Engineering News
Get other news reports at the SA Labour News home page