fbpx
17.6 C
Cape Town
Sunday, September 22, 2024

Ongoing fuel price increases: another nail in the coffin for consumers

Published on

 

Trade union federation COSATU says the ongoing fuel price increases will only plunge consumers into further financial and literal darkness.

 

The union is calling on government to urgently intervene, on behalf of workers and poor households. Embattled citizens are already battling to keep the lights on, amid the increased repo rate, higher food prices, the looming electricity tariff increase, and other cost of living crises.

 

Petrol, diesel and illuminating paraffin all saw an uptick in pricing this week.

 

Both grades of petrol climbed by 28 cents a litre on Wednesday. The cost of diesel ascended by between less than a cent and 9 cents a litre. Illuminating paraffin hiked by 58 cents a litre.

 

COSATU spokesperson Sizwe Pamla says these higher fuel prices drain the purchasing power of most South Africans and retard economic recovery. He adds it is in the best interest of government to find a workable solution to this ever-present challenge.

 

“This is really going to leave many workers, and their families struggling. We have many workers earning the medium wage, which means those workers will struggle to clothe and feed themselves, and their families. Workers and consumers and small to medium enterprises, and the economy itself are still struggling to recover from covid-19.”

 

This also comes as the nation is grappling with stages 5 and 6 rolling power cuts.

 

“It is totally unacceptable that the price of fuel is still allowed to continue to increase despite COSATU’s proposal for a fuel price cap. It is also unacceptable that government has done very little to fix the price of electricity going up, at a time when workers and consumers in general are paying for a service they are not getting.”

 

Read more: State of Disaster looming to address power crisis

Lizell Persens
Lizell Persens
Lizell is a Cape Town-based news anchor, reporter and transcriptionist. She has been a journalist for the past 10 years, and started her career as a TV producer. The avid reader enjoys writing poems, fast cars, music, travelling, and exploring new food.

Latest articles

Home Affairs offices open every Saturday until 12 October 2024

    Home Affairs offices will operate every Saturday for the next 4 weeks to accommodate matrics, as they prepare for their final exams.   The Department of...

Ramaphosa pays moving tribute at funeral of late Pravin Gordhan

      President Cyril Ramaphosa delivered a moving eulogy at the funeral of the late former minister Pravin Gordhan.   Mourners gathered at Inkosi Albert Luthuli International Convention...

Cape Town lobby group calls DA’s electricity protests hypocritical

    The DA said its National Day of Action against Eskom’s proposed 36% tariff hike has been successful.     The party took to the streets across all...