New fuel hike makes young professionals rethink car use

2014-02-03 16:29

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

When Andiswa Mkumatela (30) first found out the petrol price would increase by 39c on Wednesday, her reaction was: “Yho, it’s going up?”

Her shock is understandable – consumers are feeling the pinch from all sides, with no sign of relief.

The latest petrol price increase of 39c a litre and 24c for a litre of diesel can be attributed to the weak rand.

Last week, the rand fell to a five-year low of R11.38 to the dollar after the Monetary Policy Committee announced that the repurchase rate was to increase by 50 basis points, leaving the repo rate and prime rate at 5.5% and 9% respectively.

Consumers had barely digested the rate hike before they learnt of the petrol price increase. Mkumatela, a business analyst at Nedbank, said she has to reconsider her spending habits.

“Rent is going up and because of that, my first cut was in petrol. I have stopped travelling as much and started car-pooling. My friends, colleagues and I share petrol already.”

She said the increase in the petrol price meant she would need to make further sacrifices. Mkumatela said she has consciously started carrying lunch to work.

“I have calculated that R20 a day spent on lunch is a R100 a week, which adds up to R400 a month. Almost a full tank,” she said.

In addition, Mkumatela has had to re-evaluate where she buys her groceries.

“I love to do my shopping at Woolies but now I only buy fruit and vegetables there and buy my necessities at Checkers and Shoprite.”

But Tsholofelo Pelo (33), a senior producer at SAfm radio, said the increase in interest rates and the petrol price did not put a dent in her budget.

“The only thing that is affected is my travelling – I have to rethink my travel plans. I don’t have a child and I live alone so life hasn’t changed that much,” she said.

She said her biggest concern was e-tolls: “I had to start using back routes because I can’t afford e-tolls and this chows up most of my petrol.”

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


10 gorgeous plus-sized models who aren't Ashley Graham

Here are just ten of our favourite plus-sized models:


You won't want to miss...

WATCH: Pornhub is giving users free access to premium content these holidays
5 top leg exercises for men
10 best dressed men of 2017
How to open a beer bottle without an opener
Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.