Panic and lament from Mzansi as petrol price might skyrocket midnight KossyDerrickBlog KossyDerrickEnt

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Tuesday, May 31, 2022

Panic and lament from Mzansi as petrol price might skyrocket midnight

Information reaching Kossyderrickent has it that there's serious panic and lament in South Africa as reports say petrol prices might be increased overnight. (Read More Here).

According to the latest data from the Central Energy Fund, petrol prices must be hiked by R2.43 (95 unleaded) a litre and R2.31 (93) on Wednesday to compensate for oil prices and a weaker rand. 

Combined with the fuel levy of R1.50, this would hike the price of 95 unleaded petrol by R3.92 from current levels, while 93 unleaded petrol would be R3.81 more expensive. Diesel prices could rise by more than R2.50 a litre. 

The levy was cut by R1.50 a litre for April and May as government sought to relieve the economic stress of surging fuel prices. 

It is estimated that there will be an increase of around R2,31 per litre for petrol.

That does not include the re-application of the full general fuel levy (GFL), which will see another R1,50 added to the price.

This means that motorists could see an increase of about R3,81 per litre next Wednesday, should the exchange rate and oil price remain roughly the same.

Diesel prices are also expected to increase by about R2,70 when adding the entire GFL.

Dumisa said fuel increases have made the cost of doing business higher in the South African business environment. “The end user suffers as the cost of living for everyone increases and it’s even worse for the poorest of the poor.

“These include people who use public transport, because the taxi and bus industry might increase their prices which affects commuters.

“This takes away from the little money that people have. It’s clear that we are in real trouble and things are bad. I’m always optimistic but I don’t want to give people false hope in this,” said Dumisa.

Reactions from South Africans:

Setadi
@Setadi_
Now we have to support DA in #SlashFuelPrices, ANC is failing us.

N Q O B A N I πŸ‡ΏπŸ‡¦
@Juniera
Let the government and the country lose a lot by shutting down the business roads for a week. Let's take it to the streets #SlashFuelPrices.

Mmamphago #SenzoMeyiwatrial
@ma_mphago
Guys be extra vigilant when driving around tonight after filling up your tanks, due to high fuel increase, criminals are looking at hijacking vehicles just to drain petrol from your tank.

Why O Rasa πŸ‡ΏπŸ‡¦πŸŒ
@ToryceSA
When Cyril Ramaphosa was elected President, the price of petrol per litre was R13,76. Today South Africans pay R21.84 per litre.
Don’t let the uncaring ANC tax you into poverty - support the call to deregulate, cut taxes, and #SlashFuelPrices.

Itumeleng TuDu
@ItumelengTudu
We have a very useless President who doesn't care about South Africans #SlashFuelPrices.

NondukuπŸ‘‘πŸ‡ΏπŸ‡¦
@Nkosi_Shebi
Fuckery is when the fuel prices rises in Rands, but when it goes down, it's only by a few lousy cents...
#SlashFuelPrices..

Siya Cebisa & Electrical Solutions ⚡πŸ’‘πŸ› ️
@Zulu_Guy_
Go and fill up guys, midnight is fast approaching. 
Then tomorrow we go block the freeways for the rest of the week until they drop the fuel prices to R16/litre. 
Let's join hands and voice out "Enough is Enough" to this ANC!!

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