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.
The Citizen reports that according to a Department of Mineral Resources and Energy (DMRE) announcement, the price of both 93 and 95 octane petrol would increase from Wednesday, 4 October 2023.
The department’s spokesperson Robert Maake advised that 93 octane would increase by R1.08 per litre to R25.22 and 95 octane petrol wouldill increase by R1.14 per litre to R25.68. The price of diesel (0.05% sulphur) increased by R1.96 per litre to R25.01, while diesel with 0.005% sulphur increased by R1.93 per litre to R25.22. Meanwhile, illuminating paraffin now costs cost R1.51 per litre more, while the price of LPGas increased by R2.50 per kilogramme. The DMRE explained that the main reasons behind the increase were crude oil prices, which jumped from $87.78 to $91.86 in the period, refinery shutdowns in the US, global diesel shortages, and the rand's depreciation against the dollar, from R18.67 to R19. A slate levy of 30c was also implemented on Wednesday. The Automobile Association (AA) recently expressed concern over the escalating prices and said: "These increases are going to hit all consumers hard, and they come at a time when most South Africans are feeling extreme financial pressure."
- Read the full original of the report in the above regard by Faizel Patel at The Citizen
- See too, More painful petrol, diesel hikes confirmed for Wednesday, at Fin24
Get other news reports at the SA Labour News home page