S. Africa Calls on Consumers to Use Less Petrol As Price Goes Up
Posted on: Tuesday, 6 September 2005, 09:01 CDT
S. Africa calls on consumers to use less petrol as price goes up
JOHANNESBURG, Sept. 5 (Xinhua) -- The South African Automobile Association Monday called on consumers to adjust their current travel habits and use their vehicles prudently as retailed petrol price will go up five percent from Wednesday.
The Department of Minerals and Energy announced that the retail petrol price for all grades of petrol will increase by 29 cents (4 US cents) a liter (c/l) from September 7. The wholesale price of diesel will also go up across the country.
The latest increases bring the retail price of a liter of 93 octane petrol in Gauteng province to a record 5.91 rand (91 US cents) per liter, surpassing the previous record of 5.62 rand (86 US cents) per liter set in August 2005.
According to the association, the high petrol price means the establishment of a viable public transport system has become critical. It encourages the sharing of transport resources and appeals to the government to amend the relevant legislation to make lift clubs legal.
The association anticipates that the price of fuel, both petrol and diesel, will have a negative impact on the CPI (consumer price inflation) and probably will result in higher inflation and interest rates.
Source: Xinhua News Agency - CEIS
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