04 Feb

UASA Media Release: 04 February 2025

Statement by Abigail Moyo, spokesperson of the trade union UASA:

UASA cautions motorists about the expected fuel price increase that will take effect from midnight. The Central Energy Fund’s (CEF) month-end data showed a significant increase in petrol and diesel prices. February’s adjustment follows on the heels of three consecutive months of petrol price hikes.

From midnight, motorists will pay the following fuel prices:

Petrol 93 and 95 (ULP & LRP) will increase by 82 c/l, diesel (0.05% sulphur) by 105 c/l) and diesel (0.005% sulphur) by 101 c/l. Wholesale illuminating paraffin will cost 97 c/l more while Maximum LPGas (retail price) will increase by 42.c/kg.

The rising petrol price in South Africa is a complex issue with multiple contributing factors, including global oil price fluctuations, exchange rate volatility, fuel levies, and transportation costs. The challenges it poses for consumers, businesses, and the economy as a whole are considerable.

Rising petrol prices create significant economic pressure on households, particularly those in lower-income brackets. As petrol prices increase, transporting goods becomes more expensive, increasing the cost when products hit the shelves. This results in inflation and financial strain and impacts interest rates.

While the CPI and interest rates remain favourable, UASA hopes the fuel price increases will not negatively impact the inflation rate. UASA encourages the government to address the rising fuel prices and look into viable solutions that can help with affordability for South Africa’s workers.

For further enquiries or to set up a personal interview, contact Abigail Moyo at 065 170 0162.

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