Debt Rescue CEO Neil Roets said that rising diesel prices is particularly concerning because of its widespread impact across the economy.
“From a consumer debt perspective, a sharp diesel increase is particularly concerning because diesel is embedded in the cost of transporting food, operating public transport, supporting agriculture and delivering essential goods.
“Even consumers who do not drive diesel vehicles may therefore feel the impact through grocery prices, transport fares, delivery charges and everyday services.”
“A higher petrol bill may not seem catastrophic on its own. A slightly higher bond repayment may appear manageable. However, consumers do not experience these costs separately. They experience them collectively,” Roets said.