COSATU Laments Further Economic Stress As Fuel Costs Surge

Written by on 5 September, 2023

By: Pamella Majola

The Congress of South African Trade Unions (COSATU) fears this month’s significant fuel price hike will worsen the fragile economy and the plight of the working class.

The substantial increases, including R1,71 a litre for petrol for both 93 and 95 octane, R2,84 for diesel, and R2,78-cents a litre for paraffin, are expected to drive up inflation.

This could also prompt the Reserve Bank to raise interest rates.

Cosatu’s Matthew Parks urges the government to fulfil its promises to review fuel taxes.


Gagasi FM

What You Want to Hear