By Staff Reporter
The Congress of SA Trade Unions wants government to act swiftly to stave off a pending July fuel price hike, following international oil prices skyrocketing by 10% over the past week.
This is likely to see an increase in petrol prices across the world and be a “painful blow” to millions of South African workers and commuters already struggling to cope with the rising costs of living, warned Cosatu parliamentary coordinator Matthew Parks.
He said that while there was not much the government could do to prevent rising oil prices beyond intensifying international solidarity campaigns, it was imperative that it implemented urgent measures to help cushion workers and the economy.
Key interventions needed to include reviewing and lowering the taxes and levies consuming a third of the fuel price and putting measures in place to address the chaos and maladministration at the Road Accident Fund to lessen
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