Our tough economic times are just getting tougher. From today, motorists will pay 91 cents more for a litre of petrol, while diesel increases by 55 cents a litre. Another spike that's looming is in the cost of electricity. Last month’s unrest and looting further impacted an already ailing economy. Cosatu’s General Secretary, Bheki Ntshalintshali, spoke to Clement Manyathela about the economic hardships we are facing. Courtesy #DStv403
JOHANNESBURG - Fuelling the hardship is the latest petrol price increase.
It kicked in at midnight, bringing South Africa's petrol price to a whopping R18,20 cents a litre.
This record high and massive jump in the price is being blamed on high oil prices and a weaker rand.
But, the Mineral Resources Department has also introduced a slate levy of R6,58.
Both grades of petrol now cost 91 cents more a litre.
Diesel goes up by 55 cents per litre and a litre of paraffin costs 50 cents.