Fuel price increases dire for poor, but there is a silver lining for the Rand – TreasuryOne’s Andre Cilliers

The government has decided to extend the fuel levy relief for two months. It meant that a predicted R4 per litre hike did not materialise. But the measure could not prevent increases in petrol, diesel and illuminating paraffin, with petrol rising by R2.43 a litre for 93 octane unleaded fuel. TreasureOne’s Andre Cilliers told Linda van Tilburg that the increases will have a severe impact on our inflation and growth rate, and the poor will be particularly hard hit as they have no other form of public transport, but there is a silver lining for our currency and emergency markets. Learn more about your ad choices. Visit megaphone.fm/adchoices