The October fuel price hike will leave consumers with less to spend to spend on food and other household items. Pictures: iStockReasons for fuel price hike
The fuel price hike is a result of higher oil prices, a weaker rand exchange rate and the implementation of 30.7 cents per litre in line with the self-adjusting slate mechanism rules. While it usually takes months for higher fuel prices to reflect on the price of goods, the hike will take a bite out of every consumer’s wallet at the pumps.has worked out what it will cost to fill up six cars from today. And we’ve chosen one grocery item you’ll have to give up to afford the higher fuel prices.This popular little hatchback has a 28-litre petrol tank. Filling it up from empty today with 93 octane petrol will cost R30 more after the fuel price increase.
Filling up the turbocharged version of this compact SUV’s 45-litre fuel tank with 95 octane petrol now costs R1 155, R51 more than before. Tell your children there will be one 350 g box of their favourite chocolate-coated cereal less in the grocery cupboard this month.Yesterday it cost R1 398 to fill the Jolion’s 57-litre petrol, a price that went up to R1 463 today. This R95 could have been spent on a 7 kg pocket of potatoes at today’s market prices.