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Following a series of fuel price hikes in the past few months, this month’s modest price decrease is good news for consumers needing financial relief.

As announced by the Department of Petroleum and Mineral Resources, the global price of oil and the rand stabilised, allowing for a price cut at the pumps.

As of midnight, both grades of petrol will decrease by 7c/L, diesel by 0.05% (wholesale) will decrease by 17.5c/L, and diesel by 0.005% (wholesale) will decrease by 23.5c/L. Illuminating paraffin (wholesale) will decrease by 6c/L, and LPGas will decrease by 2c/kg.

As reported, during the period under review, the average international product prices for petrol and illuminating paraffin increased, while diesel decreased. Ahead of Finance Minister Enoch Godongwana’s National Budget Speech next week, we hope a consumer-positive price intervention through the general fuel levy (GFL), Accident Fund levies, and taxes will be considered.

Commuting is a daily activity for most workers and learners, making the impact of fuel prices a crucial financial consideration for those who have to spend more at the pumps.

UASA urges the government to look into the financial needs of South Africans by implementing strategies that do not financially cripple workers.

Issued Abigail Moyo, spokesperson of the trade union UASA