Petrol and electricity hikes

 Electricity tariffs increased 16% yesterday.

Last month, the National Energy Regulator of South Africa decided to reduce Eskom’s average price increase to 16% for the period until March 31 next year. Eskom wanted to increase the tariffs by 25.7%.

The petrol price hike of 71c per litre for 95 inland and 66c a litre in coastal areas will be the biggest increase since July 2008.

On Wednesday, petrol will be R11.94 a litre inland and R11.59 at the coast.
In Gauteng, 95 octane fuel will go up by 71c/l to R11.94/l and at the coast by 66c/l to R11.59/l.

The 20c/l fuel levy announced by Finance Minister Pravin Gordhan has been included in this month’s price rise.

Passenger Rail Agency of SA, has also hinted commuter rail increase.


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