South Africa: COSATU Marches Over High Fuel Prices, High Cost Of Living
The Congress of South African Trade Unions (COSATU) marched in KwaZulu-Natal on Friday over high fuel prices and the high cost of living.
The union says high fuel prices and the high cost of living are suffocating workers and called for government intervention.
The union says workers are most affected as wages have not been increased despite the high cost of living.
Meanwhile, Parliament held a debate on South Africa’s record petrol price increases focusing on the country’s record petrol price hikes, and possible interventions to structurally change how the basic fuel price is calculated.
The debate followed the request by the Democratic Alliance (DA which called for an R6 slash in fuel price.
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DA leader, John Steenhuisen said the party wants more than an R6 slash (33%) in tax and levies from every litre of fuel.
Steenhuisen says it can be done if the government acts tough on corruption.
Fuel prices went up at the beginning of June. The price of 95-octane unleaded petrol rose by R2.33 a litre to R21.92 ($1.37), while 93-octane unleaded petrol went up by R2.43 a litre to R21.63 ($1.35). This is still less than diesel price (US$1.76) and petrol (Blend – E15) (US$1.73) prices in Zimbabwe as per the latest review by the Zimbabwe Energy Regulatory Authority (ZERA).
Increases were smaller than feared after National Treasury granted an extension of the reduction of the general fuel levy.
