Saturday, March 29, 2008

Next fuel hike to hit consumers hard

By Ilhaam Hoosain
29 March 2008

The South African Petroleum Industry says another petrol hike is in store for consumers next month.

But Price and Taxation Adviser at the SAPI, Avhapfani Tshifularo told the media that it will probably not be as high as next week's whopping increase of 68 cents a litre.

The Department of Minerals and Energy confirmed the increase yesterday.

According to reports it is also confirmed a colossal hike of R1.30 in the retail price of diesel and an increase of R1.57 for paraffin.

Tshifularo says that we should still have another increase but probably not as huge as what we have seen in the past two months. For a liter of paraffin it is R10.18. That is just the wholesale price, so he says he is sure the price of diesel in most places are already over R10.

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