Cost Of Living Will Spike Due To Petrol Increase

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November is going to be a tough month for South African consumers.

Momentum Researcher and Economist Johan Van Tonder said that following the hefty fuel price hike, it will have knock-on effects on air travel which could see the prices of the imports and locally produced products spiking.

As of November 3rd, motorists are having to pay nearly R19 litre of fuel forcing them to dig deeper into their pockets to travel to work.

Van Tonder adds that because of this, consumers would need to make tough decisions when it comes to buying food and paying bills.

[Picture: File / Radio 786]

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Nov 30, 2021
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