Fuel price hike means not-so-happy Christmas for consumers

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Fuel price hike means not-so-happy Christmas for consumers
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Domino effect will see the price of everything rise - from food to electric goods.

“There are many consumers who will stay at home and cut the lavish spending associated with the Festive Season.”price increased to R2.76 for 500ppm and by R2.84 for 50ppm. That hiked the inland pump prices up to R23.05 and R23.28 respectively.went up by R1.71. A litre of 93 octane now costs R24.14 Inland, while 95 costs R24.54 per litre.

Road freight transporters use both petrol and diesel – but diesel is the main fuel in most road operations. Once fuel prices increase, transporters will need to increase their pricing to cover the increased cost of diesel. “You and I will pay more for… well… everything. From food to fuel, from clothing to electronic goods and everything in between. Prices will rise – some immediately, but more so a domino effect will ensue, the next in a long line of such domino effects that we have seen too often in the last few months.”

“Whether we like it – or not – the continuous increases in the price of diesel inevitably drives the cost of transport and logistics up – step by step. And, with roughly 85% of all goods moved through and around the country having a road leg at some part in the journey, there will be increases to consumers, as the cost to transport goods increases.

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