The petrol price hit a whopping R19.50 on Wednesday and experts already expect our wallets to take a few more body blows over the coming months with more increases in sight.
Petrol has increased by R5 a litre since January and we’re almost certain to be paying R20 a litre by the year end as costs are tallied and inflation takes hold.
But how much does the price of fuel and gas depend on government policy? Organisations like the Automobile Association have repeatedly called for a review into how petrol prices are calculated while at least R6 of the R19.50 we’ll be paying to fill up our vehicles will go to taxes.
Economists have said that the biggest drivers of inflation are fuel and food prices while wages are stagnant and do not keep up with the inflation data.
It seems we could use some government intervention to help cap the well flowing from our pockets.
Here’s what else you need to know today:
Daily Maverick
Malema and the EFF failed to translate their populism into significant electoral gain – Ismail Lagardien
CumEx tax scam: Opening a Pandora’s box of financial corruption – Sasha Planting
Sunday Times Daily (Register to read)
You didn’t vote? The lack of your X could make SA an ex-democracy – Caiphus Kgosana
That giant sucking sound may just be a climate solution – Chris Bryant (Bloomberg)
Business Day (Subscribe to read)
ELECTION ANALYSIS: ANC and DA converge in centre of coalition crossroads – Carol Paton
Financial Mail (Subscribe to read)
The problem with voters checking out of the system – Natasha Marrian
Ramaphosa chose the ANC over SA, and he’s paying the price – Justice Malala
News24/Fin24 (Subscribe to read)
Clear message sent to political parties: Do better! – Melanie Verwoerd
The Citizen (Subscribe to read)
Is a nuclear power deal linked to Eskom sabotage? – Martin Williams
PIC needs new hands on tiller – Barbara Curson
