Petrol Price

Motorists are in store for another price hike come Wednesday

Data from the energy fund warns of a significant increase for all grades of fuel

Economy hitting geopolitical tensions, pressure on consumers and load-shedding will likely stick around

The increase will probably add to the South African Reserve Bank’s hawkishness, with analysts expecting another large repo rate hike on Thursday

But prices are expected to remain higher for longer in the wake of a tighter oil market

Two of the monetary policy committee’s five members preferred an even more painful 100 basis point hike, as bank remains hawkish

It is worthwhile for government to find more effective policy responses instead of a universal subsidy response

Rail workers have already staged a series of stoppages to press for better pay as Britain’s headline inflation reaches a 40-year high

Some of the conditions in which the July unrest occurred have abated but others, such as the spiralling cost of living, have worsened

The ability of informal traders to absorb any more shocks — suchas the fuel price hike — has reached zero

The financially stretched middle class is teetering on the brink as fuel and food prices gnaw at their disposable incomes

Over the past year, the price of petrol in Sudan has risen by 132%, the steepest increase on the continent. Although economic factors play a role, the country’s generals also…

There is a lot bearing down on South African consumers and, without growth, the economy stands to decline

But the wholesale price of diesel and illuminating paraffin will go up

The emergency fuel-price intervention was announced by the treasury in the parliament on Thursday afternoon, in light of skyrocketing global oil prices