The CEO of the Fuel Retail Association, Reggie Sibiya, has voiced concerns over the fuel price increases scheduled for September, emphasizing the potential impact on both businesses and consumers.
The CEO of the Fuel Retail Association, Reggie Sibiya, has voiced concerns over the fuel price increases scheduled for September, emphasising the potential impact on both businesses and consumers.alternative measures to address these fuel price hikesAccording to the Department of Energy, the forthcoming increases are attributed to a combination of current local and international factors. Petrol prices for both 93 and 95 octane will see a rise of R1.
In response, Sibiya stated, “FR8 does not believe this is something that we should be focusing on. We believe that the government should be looking at more inclusive ways of how to deal with these price increases.” As the fuel price hikes draw closer, the fuel industry and consumers are keeping a close watch on developments, with the hope that the government will explore alternative strategies to mitigate the impact on the economy and the pockets of everyday citizens.
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