UASA Media Release: 03 September 2024
Statement by Abigail Moyo, spokesperson of the trade union UASA:
The lowest fuel prices since early last year kick in at midnight.
The adjusted prices announced by the Department of Mineral Resources and Energy (DMRE) yesterday translate to a fourth consecutive relief for consumers. This will significantly improve workers’ household expenses and cost-of-living challenges.
At midnight, the price of unleaded petrol 93 and 95 will be cut by 92c a litre. Wholesale diesel prices will be lowered by R1.05 (0.005% sulphur) and 79c (0.05% sulphur). The wholesale price of illuminating paraffin will be cut by R1.03/litre. LPGas will decrease by 10c per kg.
The price drop, combined with the inflation rate of 4.6% moving closer to the SA Reserve Bank’s target level of 4.5%, signals hope for further inflation ease and a much-anticipated interest rate cut by the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) at its next meeting on 19 September 2024.
UASA is pleased with the financial relief and hopes the trend continues to bring relief to workers during the remainder of the year.
For further enquiries or to set up a personal interview, contact Abigail Moyo at 065 170 0162.