With the festive season around the corner, the latest petrol price hike announced by the Department of Petroleum and Mineral Resources (DMRE) of a 29-cent increase in the price of 95 and 93 Unleaded petrol has been met with dismay and disappointment on all fronts.
Neil Roets, CEO of Debt Rescue, says the impact of this on South Africans as they wind down after the working year will be devastating, as households that were counting on a little relief to ease their wallets will now have to tighten their belts even more.
“For millions of families, this will likely mean that their end-of-year trip to celebrate with friends and family is no longer on the cards.”