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Escalating fuel costs deeply concerning

Statement by Abigail Moyo, spokesperson of the trade union UASA:

UASA is deeply concerned by the escalating fuel prices as announced by the Department of Mineral Resources and Energy, considering the financial pressure that South Africans endure.

Again, consumers will be the hardest hit as fuel prices influence the cost of almost all other products. The knock-on effect on food and other necessities becomes a rollercoaster as businesses carry over their expenses to the consumer.

As of midnight, 3 October, both grades of petrol will increase by R1.08/L and R1.14/L, while both grades of diesel will increase by R1.94/L and R1.97/L, respectively. Illuminating paraffin will rise by R1.51/L and LPGas by R2.50/kg.

Fuel and food prices are among the risks the Monetary Policy Committee (MPC) identified to contribute to increased consumer price inflation (CPI). This leaves fellow consumers at a disadvantage towards any plans they may have leading into the festive season.

UASA calls upon the government to intervene and protect South Africans against daunting economic and financial challenges coupled with unemployment and inequality.

We also urge stakeholders and businesses to be considerate of consumers when pricing food and services. The cost of living is unbearable, and many have to overcome inflation on the same wages/salary as a few years ago, as companies fail to afford workers inflation-related wage/salary increases.

UASA encourages its members and fellow South Africans to do their best during these trying times, continue saving and plan properly towards their household needs.

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