[kwazulu-natal] - April fuel hike may tank economy

Economists have predicted that more fuel hikes are to follow and that consumers will be badly affected.

The Automobile Association (AA) said strong oil prices and an ever-weakening rand would lead to another massive fuel price hike, as confirmed by the unaudited month-end fuel price data released by the Central Energy Fund.

“These increases will be compounded by rises in fuel taxes, which come into effect this month. There will be a 15c increase for the fuel levy and 5c for the Road Accident Fund levy,” the AA said.

The Energy Department announced that the price of 95 octane petrol will increase by R1.31 a litre in inland provinces, while motorists on the coast will have to fork out R1.26 more....

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