Fin24

Union warns on fuel price hike

2011-01-03 16:45

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.

Comments
  • Muschook - 2011-01-03 15:54

    What an incredibly clever observation to make! Such a pity the same form of wisdom doesn't prevail when it comes to negotiating salary increases!!!!

  • xp - 2011-01-03 16:32

    Wow, how clever Uasa! Gee, what other pearls of wisdom do you have?

  • Idiots! - 2011-01-03 17:32

    What chops. And then they complain about a strong rand... honestly does anyone there have an IQ of over 90?

  • Jannie - 2011-01-03 17:35

    Who is this Andre Venter representing a trade union Uasa? The last story I heard was that the Unions were fighting for the rand to be fixed to R10 per $. Will Andre please do the calculations at the current rate of exchange and tell South Africa what the fuel price increase would then have been. I suggest Andre should rather resign and sell eggs.

  • Geyser - 2011-01-03 17:51

    This government is following the Neo-liberal economic policies to the T. While the ordinary working class person is struggling to make ends meet, government officials, bankers, industrialists and foreign speculators are getting richer. Just how much will the ordinary folks take before they throw these bums out and start fixing the country?

  • Jean - 2011-01-03 18:21

    The observations stated are obvious and any person in the world knows about the effects of petrol price increases on their personal finances!! I was just wondering if it is the same labour unions wanting the Rand to depreciate?! If that should happen these increases are NOTHING compared to what they will see then! What a "waste of space" article!

  • MikeAS - 2011-01-03 23:15

    er ... weren't the Unions calling for a WEAKER Rand a few weeks back??? Economics101 for Unions: a weaker Rand = even more expensive petrol!

  • Ally - 2011-01-04 07:46

    Fine Venter has made his statement so what happens next, we will still pay the increased price, as usual. we talk a lot and do very little to overcome the problems.

  • Wake-up unions - 2011-01-04 09:00

    At the one end he breaks the economy and on the other he is moaning when prices rise. The unions always wants a weaker rand and that would mean even higher fuel prices! Can you just imagine how bad this rise would have been if we had a weak?rand?

  • Vision - 2011-01-04 09:43

    People need to plan, I don’t have kids but I've started an education fund. To avoid paying to much for petrol I bought a cheap energy efficient vehicle. Unions bug me, they complain about a strong rand because of job loses now they complain about the price of petrol - could you imagine if the rand was at R9,00 to the USD and crude at 96 USD a barrel. Inflation would sky rocket and interest rates would shoot through the roof. I think we should count ourselves lucky to be on this side of the curve

  • RitaL - 2011-01-04 09:53

    Unfortunately it is one man's vision against the greedy dogs out there. What do they care on how it feels to be living from hand to mouth on a monthly basis and let alone all the extra costs for the festive season and school clothing/stationery. Where on earth will the poor man who has budgeted only for an x amount for the rest of January to now find more cos the petrol is going to make a bigger hole in his pocket. Surely the increase could have waited till Feb.

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