The prices of both 93 and 95 octane petrol will increase by 67 cents a litre from Wednesday. Diesel will increase by 44 cents and paraffin by 86 cents.
The Energy Department has said that this increase is necessary to cater for wages of petrol attendants, cashiers and administrative staff at service stations.
South African National Taxi Council (Santaco) also mentioned that there will be a possible taxi fare increase between R1 and R5 per journey, dependant on the region following the fuel hike.
As cited by BusinessTech, Santaco spokesperson Thabisho Molelekwa told News24:
“We all know that the economy is struggling which increases the pressure on all fronts for taxi operators. Taxi operators need to navigate increased fuel prices, maintenance cost, paying vehicle instalments while keeping prices affordable.
“I think we are proud of the fact that the industry has survived storms in the past, and we are confident that we’ll be able to survive this storm as well. We trust there will be some release soon.”
The weakening rand against the dollar has also contributed to the hike, with the Department’s Robert Maake saying “The only advice we always give is that you need to plan your trip, you need to save fuel as much as you can. You can’t just drive around, you need to make sure that you plan your trips where possible, use lift clubs and so on,” EWN reports.