South Africans will be hard hit financially with the latest fuel hike.
Economist says the poorest of the poor will be hardest affected.
Motorists are urged to fill up their tanks before fuel price increase.
The price of petrol and diesel will increase by around 26 cents a litre, paraffin by 22 cents a litre and LP-Gas by 37 cents a kilogram.
Economist Dawie Roodt says the next couple of months are going to be tough.
“As always, it’s going to be the poor that are affected. The poor typically cannot hedge themselves against price increases unlike richer people and therefore the impact of these price increases will mostly be felt by the poor. This will also create a situation where the Reserve Bank will have to increase interest rates in order to force inflation down.”
Meanwhile, South Africans have taken to Social Media to voice their frustration over the fuel hike:
![[File Photo] A woman passes by signs advertising sales of Black Friday in the Manhattan borough of New York City, New York, US, November 26, 2021.](https://www.sabcnews.com/sabcnews/wp-content/uploads/2022/11/Black-Friday-Reuters-120x86.jpg)
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