Saturday, June 27, 2009

Fuel price hike adds to consumers’ difficulties

By Mandisi Tyulu
27 June 2009

Consumers suffered a third blow when Minerals and Energy announced today that the price of petrol will rise by between 37- and 40-cents on Wednesday.

All grades of diesel will go up by 40-cents. The poor will be hit especially hard as the retail price of illuminating paraffin will shoot up by 62-cents a litre.

This follows yesterday’s announcement of a 31-point-three percent increase in the price of electricity on Wednesday and the Reserve Bank’s decision not to lower interest rates.

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