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COSATU not happy with fuel price hike

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COSATU has expressed their dissatisfaction at the recent fuel price hike, effective as from Wednesday, 6 March 2019.

As from Wednesday, 6 March 2019, South African motorists have had to pay 74 cents more per litre of petrol. Diesel has gone up by between 91 and 93 cents per litre. The 95 octane unleaded petrol has gone up to R14.82 cents per litre. 93 and 95 octane has risen by 74 cents per litre.

Minister of Energy Jeff Radebe has blamed the fuel price hike on an increase in international crude oil prices.

Paraffin has also risen by 76 cents per litre and the retail price of Maximum LP Gas has increased by R1.01 cents per kilogram.

The Congress of the South African Trade Unions (COSATU) has expressed their displeasure at the recent hike in fuel prices. It says that the price increase will have a negative impact on workers.

“What we have here is a situation where last year [2018] we saw this VAT increase really repealing the wages of the workers. With this increase in fuel [prices], we have a situation where workers are struggling to feed and clothe their families,” said COSATU spokesperson Sizwe Phamla.

“We have 13 million people who are struggling to have three meals a day. All of the workers who earn less than R3 300 a month will be plunged deeper and deeper into poverty.

“This is a crisis and a serious one.”

He also touched on how this price hike will affect the economy, stating that if buying power is taken away from the workers, then the economy will be producing goods without a ready and able clientele.

Abenathi Gqomo
a.gqomo@politicalanalysis.co.za

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