Department of Energy warns consumers fuel price hikes are here to stay

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At midnight on Wednesday, the price of petrol rose between R2.33 and R2.43 per litre, while the price of diesel rose between R1.07 and R1.10.

Image: Eyewitness News.

JOHANNESBURG — The Department of Mineral Resources and Energy said on Wednesday consumers should prepare as high fuel prices are here to stay due to the ongoing global energy crisis.

At midnight on Wednesday, the price of petrol rose between R2.33 and R2.43 per litre, while the price of diesel rose between R1.07 and R1.10.

The government has also announced the extension of the R1.50 fuel tax relief for another two months.

The department’s Tseliso Maqubele said it was the best the government could do amid a global economic war.

“The response of the EU, for example, and other countries to the war between Russia and Ukraine is affecting the supply of certain products around the world.”

However, Maqubele said deregulation is not the answer: “Even in markets like the UK and the US, South Korea and Australia, the government has had to step in and effectively cut taxes on fuels because the citizens of these countries cannot cope with rising prices. .”

The government said on Tuesday it was not blind to the financial constraints facing consumers in the face of record fuel prices.

He said he would continue to monitor the impact of the Russian-Ukrainian conflict and zero COVID-19 policies which continued to impact energy and food prices.

“EVERYTHING IS EXPENSIVE”

As motorists face massive increases in petrol prices, some South Africans say they feel like they are being held hostage by the government.

Some say rising gas prices will increase the financial burden on their households.

“Especially for us poor people, we are going to struggle a lot. Everything is expensive – electricity, petrol – we can’t survive,” said a motorist.

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