UASA Media Release: 01 August 2022
Statement by Abigail Moyo, spokesperson of the trade union UASA:
Workers will breathe a sigh of relief at the drop of R1.32 in the petrol price and 88c in the price of diesel.
The Department of Mineral Resources and Energy (DMRE) this morning also announced a decrease of R1.44 in the illuminating paraffin price.
The price adjustment will bring some joy to workers who have had to massively adjust their budgets to cope with the rapidly rising cost of living that hit them in recent months, while those who rely on illuminating paraffin to keep their families and fed during the cold winter months will find it easier to do during August.
In July, the overall cost of living became a challenge as the fuel price exceeded the R25 margin and the Consumer Price Index revealed the immense pressure consumers were under. To add insult to injury, the Monetary Policy Committee also hiked interest rates, placing a heavier burden on workers with home loans and other debts.
UASA urges government to speed up its review of the fuel levy (about 20% of the retail price), the road accident fund levy (about 11%) and other factors that drive up the fuel price.
In the meantime, UASA encourages its members and all South Africans to use this reprieve to their advantage and save or settle debts as far as possible.
For further enquiries or to set up a personal interview, contact Abigail Moyo at 065 170 0162.