Government considers fuel subsidy

JOHANNESBURG - Government is considering ways to shield consumers from rising fuel prices.

This is according to President Cyril Ramaphosa who spoke to media on the sidelines of his visit to the Redlands Dairy Farm in Stutterheim, Eastern Cape. 

Ramaphosa conceded that the rise in fuel price has been occasioned by the war in the Middle East and is affecting many countries around the world. 

And as such, various countries are responding in a different ways.

READ | Here are six reasons why fuel prices are going up on Wednesday

He said budgetary constraints have to be considered when proposals are made on how consumers can be shielded from the fuel shock. 

"It does actually eat into our country's reserves and our country's fiscal position, so we need to consider all those things. Unfortunately, it's not an overnight decision that can just be taken like that. We've got to consider the impact of anything that we can do," he added.

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