Do Desperate Times Justify Desperate Measures

At the end of this month, we face a perfect storm.
Initially, the recent war in the Middle East seemed reassuringly far away. As a country that’s historically seen more than its fair share of conflict, South Africa felt safe from the trouble, shielded by distance and ideological neutrality.
A scant few weeks later, however, and the situation is very different. The ripple effects of the US and Israel’s bombardment of Iran and Lebanon are now knocking at our door.
The main issue for us is a catastrophic rise in the price of fuel.
April data from the Central Energy Fund (CEF) shows massive under-recoveries – up to R3.63 a litre for petrol and an astonishing R10.80+ per litre for diesel.
According to a report in Autotrader, the result will be an estimated at-the-pumps increase in May of R3.50 to R4.00 per litre for petrol and R4.00 to R4.50 per litre for diesel. If the government fails to extend the current R3.00 levy relief, this will be the single biggest fuel increase in our history.
Of course, a price hike this huge is never only going affect us on the forecourt.

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