Fuel: Cruel blow as motorists have to pay 81?cents a litre more for petrol from Wednesday

2013-03-02 00:00

HIGHER global crude oil prices and a weakening rand combined to deliver a cruel blow to motorists, who will have to pay 81 cents a litre more for petrol from Wednesday. The price of 95 unleaded (coastal) will now reach a record level of R12,73.

Diesel will rise by 58,38 cents.

Household and consumer sector strategist at FNB, John Loos, told Weekend Witness that although the hike will have a negative impact on households and companies, its inflationary impact will be limited. “It will only have a moderate impact on inflation. Ha-ving said that, it will eat into disposable income and increase com­pany costs.”

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