South Africans woke up to a fuel price hike on Wednesday morning that will have a domino effect on other necessities such as food.
Motorists will pay 4c for a litre of 93 and 95 octane fuels and between 23c and 27c for diesel. Illuminating paraffin has also risen by 21c.
According to reports, this is only one of the fuel price hikes expected before the end of 2017.
Prof Nicholas Ngepah from the School of Economics at the University of Johannesburg says that in 2017 petrol price has risen more than it has decreased.
“The key drivers to the increase of petrol prices is internal economic conditions of South Africa, inflation particularly and volatility of the rand.”
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