After the price increase tomorrow a litre of petrol ⛽will cost more than a Black Label quart 🍺or a loaf of Albany white bread🍞. Full story📱costofliving petrolprice
announced Petrol 93 and 95 Unleaded Petrol and LRP to increase by R0.51 while diesel will increase by R1.42 per litre.petrol prices in 2010 cost R8.04 for 93 UPL and R8.32 for 95UPL while diesel sold at R7.34 per litre.
“There is no doubt that there are several farmers who now must look at the numbers to see if it is still profitable for them to plant with all the input costs that are increasing. The government must realise that there are big problems here if the situation is not addressed,” he said.Faried Plaatjies owns a small transport company and said he had to scale down due to the increases which made it difficult for his business to keep its wheels turning.
“I scaled down to two vans and now pay R5000 per van per month on fuel. So, the profit is getting less and less,” he said.Economist at Momentum Investments Sanisha Packirisamy said they were anticipating rising headwinds for the South African consumer in the coming quarters. “Higher interest rates and a reluctance to borrow point to muted consumer spending ahead, while built-up savings have been eroded,” she said.
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