Petrol strike ends as union signs new pay offer

Cape Town - South Africa's petroleum industry and striking workers agreed to a new two-year wage deal on Wednesday, an official representing employers said.

The deal ended a three-week strike that caused limited supply disruptions.

Around 15 000 striking workers affiliated to Chemical, Energy, Paper, Printing, Wood and Allied Workers union (CEPPWAWU) demanded a 9% pay hike.

However, they agreed to a 7% wage increase this year and an April CPI plus 1.5% hike in the second year, said Zimisele Majamane, the deputy chairperson of the National Petroleum Employer's Association.

The CCMA facilitated the negotiation process, which commenced on Friday last week and continued on Wednesday.

CCMA director, Cameron Morajane, commended the parties for their commitment to resolving the dispute.

Meanwhile, the price of fuel will likely come down, owing to the strengthening of the rand, the Automobile Association (AA) said on Monday.

"Petrol is slated for a reduction of up to 69 cents a litre, diesel 94 cents, and illuminating paraffin is showing a potential drop of 92 cents," said the AA about unaudited mid-month fuel price data released by the Central Energy Fund.

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