Loading...
See More

Union warns on fuel price hike

Jan 03 2011 16:45 Sapa

Related Articles

Whopping petrol price hike to hit SA

Transformation audit for fuels sector

Fuel sector 'must be nationalised'

Fuel prices go down

Fuel prices lowered

SA hit by fuel shortages

 

Cape Town - A rise in the petrol price of 29c per litre for 93 octane and 28c for 95 octane from Wednesday comes at a particularly bad time, trade union Uasa said on Monday.

Spokesperson Andre Venter said the increase represented a huge setback for South African workers.

"Not only have we just left the expensive festive season behind us, but parents of school-going children will have the extra expense of school gear and rising school fees to reckon with."

Venter said gradual signs of economic recovery in the third quarter of last year and the benefits of festive season spending could be neutralised by the price increase.

Most South Africans were still struggling to shake the effects of the world-wide recession.

The petrol price rise represented yet another financial blow for them.

"We will no doubt experience another ripple effect on production prices, causing consumers to pay more for goods at the counter, while the higher price will probably also contribute to a steeper inflation rate," Venter said in a statement.

uasa  |  fuel shortages  |  fuel price

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
11 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

The Fast and Furious R40 million

With the Fast and the Furious 7 hitting South African cinema’s this April, all eyes are on the cars and we’re in for a treat!

 
 

Luxury living

This is the most expensive burger in the world!
Exclusive food items that WILL break the bank
Top 10 most expensive homes in the world
You can permanently live on a ship and sail the world!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How will you manage Vodacom’s price hike for contracts?

Previous results · Suggest a vote

Loading...