Petrol price increase = 20% higher taxi fares

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Commuters must brace for an increase of not more than 20% in taxi costs because of the soaring petrol price, reported the SABC has reported.

The South African National Taxi Council (Santaco) told the broadcaster that the latest petrol hike will impact its operation. “We request and announce that taxi commuters need now to expect an increase of not more than 20% from what they are paying presently”, said Santaco spokesperson Bafana Magagula. However, he said the increase will vary, depending on routes and distances. Motorists have endured a series of petrol price hikes since the year started. All grades of fuel will increase by 32 cents per litreat midnight on Tuesday. Diesel will go up by 33c and paraffin by 25c. Debt spiral The increase will plunge highly indebted South Africans even deeper into the debt spiral, warned Debt Rescue. “While well-heeded high-income earners will be able to shrug it off it is the middle class and lower income earners who are going to be the worst affected,” said CEO Neil Roets in a statement on Friday. He said the majority of South Africans are hardly managing to make ends meet, adding that the fuel price hike will filter down on all goods and services as well. “While the increase in the price of fuel is going to hit everybody hard, it is going to push large numbers of newly arrived middle class consumers back into poverty,” said Roets.

Fin24

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