DStv Channel 403 Thursday, 21 November 2024

Discussion | South Africans feel the pinch as fuel prices climb

JOHANNESBURG - After nearly five months of relief at the pump, South African motorists faced a sharp increase. The culprits are soaring Brent crude oil prices and rising petroleum product costs. 

For South African consumers, this hike means more pressure on already strained finances, contributing to higher living costs and exacerbating inflationary pressures. 

WATCH | Fuel prices shift gear after five months

With fuel being a key input in many sectors, including food production and transport, the ripple effects of this price spike could be felt across the economy.

Independent economist, Elize Kruger spoke to eNCA.

Paid Content