• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us

For all official information and updates regarding COVID-19, visit the South African Department of Health's website at www.sacoronavirus.co.za

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION
Home Business

Business owners decry predicted fuel price hike

17 May 2022, 7:24 AM  |
SABC SABC |  @SABCNews
Fuel dripping from a hose at a filling station

Fuel dripping from a hose at a filling station

Image: Reuters

Fuel dripping from a hose at a filling station

Several business owners have expressed concern over the predicted fuel price hikes for June 2022, with petrol likely to increase by up to R1.97 a litre and diesel by R1.62. Experts say the return of the general fuel levy at the end of May could result in an even further increase in fuel prices to a total of over R3 a litre.

Owner of an Engen fuel station in Johannesburg Vukile Nkosi highlights the impact that fuel price hikes have on customers and businesses.

Nkosi says, “R1.97 is the general hike and remember that the government said that they are going to put an end to the general levy of R1.50 at the end of May. So if you add the R1.97plus R1.50 it comes to R3.47. That is a hefty, hefty kind of increase.”

“So, going to the impact I am going to sell less litres so my profitability goes down. Where does the customer get impacted? The taxis are not going to swallow these prices. They are going to hike the prices so the consumers are going to be impacted and also all the goods that are going to be delivered,” Nkosi says.

South Africa’s fuel price and possible restrictions:

Share article
Tags: JohannesburgPetrolDieselFuel hikeEngenVukile Nkosi
Previous Post

EU announces R168 million donation to eradicate child labour in agriculture sector

Next Post

Councillor to sue the Makhuduthamaga Municipality in Limpopo after alleged assault by the Speaker

Related Posts

Details of the offer have not been released by the unions.

AfriForum wants to compel law enforcers to take action against striking Eskom employees

28 June 2022, 8:11 PM
Power lines connect in a station.

Gordhan blames worsening rolling blackouts on striking Eskom workers

28 June 2022, 8:03 PM
Details of the offer have not been released by the unions.   

Eskom and union make ‘considerable progress’ in wage negotiations, workers expected back at work

28 June 2022, 5:58 PM
A person is seen walking along Eskom power pylons.

Eskom escalates rolling blackouts to Stage 6

28 June 2022, 3:36 PM
Chief Executive Officer Andre de Ruyter briefing the media,  January 31, 2020.

SA faces possible stage 6 rolling blackouts: De Ruyter

28 June 2022, 11:11 AM
SAA flights seen at the airport.

Aviation expert wants CAA to probe reports of SAA flight taking off despite fuel contamination

28 June 2022, 10:48 AM
Next Post
A court gavel

Councillor to sue the Makhuduthamaga Municipality in Limpopo after alleged assault by the Speaker

Most Viewed

  • 24hrs
  • Week
  • Month
  • EMS says fire at Bree Street Taxi Rank in Johannesburg has been extinguished
  • The public has until 18 May to make submissions on Icasa’s regulations for extension of expiry period for data, airtime
  • ANC NEC expected to hold a special meeting on Sunday
  • Eastern Cape flood victims plead for support as access to food, services remains difficult
  • Amathole Regional Secretary elated to have corruption charges against him dropped
  • East London police search for clues that led to tavern death; calls to revoke tavern’s licence 
  • UPDATE: At least 17 people killed in an East London tavern stampede
  • South Africans no longer required to wear face masks indoors
  • E Cape Liquor Board says Enyobeni tavern owner will face criminal charges
  • Zulu Royal Palace abuzz as King Misuzulu’s cleansing ceremony continues
  • East London police search for clues that led to tavern death; calls to revoke tavern’s licence 
  • UPDATE: At least 17 people killed in an East London tavern stampede
  • Mosimane alleges sabotage from CAF President Patrice Motsepe
  • SANTACO and NTA calls on COSATU to join the national shutdown over the hiking fuel prices
  • NTA yet to decide whether to support calls for national shutdown amid fuel price hikes

LATEST

Newly elected Gauteng ANC Chairperson Panyaza Lesufi oitured at the SABC News studios in Auckland Park, Johannesburg on 28 June 2022.
  • Politics

Lesufi slates ANC NEC decision making time frames, wants agile ANC


The group feels threatened and the continuous attacks have worsened matters.
  • Lifestyle

KwaZulu-Natal LGBTQI+ community living in fear amid frequent attacks


Students sleep at the gates of Umgungundlovu TVET College’s Msunduzi Campus in Pietermaritzburg after being evicted by landlords because they are unable to pay rent due to outstanding payments from the National Student Financial Aid Scheme.
  • South Africa

Student accommodation dominates discussions at the NSFAS summit in Bloemfontein


Details of the offer have not been released by the unions.
  • Business

AfriForum wants to compel law enforcers to take action against striking Eskom employees


Power lines connect in a station.
  • Business

Gordhan blames worsening rolling blackouts on striking Eskom workers


All the roads in Soweto, which were blocked off to traffic in the early hours of Tuesday, have been reopened to traffic.
  • South Africa

Gomora informal settlement residents call on the mayor to engage with them


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2022

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • SCI-TECH
  • LIFESTYLE
  • FEATURES
  • OPINION

© 2022

Previous EU announces R168 million donation to eradicate child labour in agriculture sector
Next Councillor to sue the Makhuduthamaga Municipality in Limpopo after alleged assault by the Speaker