30 Mar 2011Households face a series of price hikes, starting with steeper petrol prices next month and a 25.8 percent electricity tariff increase in July.
The size of the petrol rise will be announced on Friday.
Econometrix chief economist Tony Twine predicts an increase of about 45c a litre on April 6, made up of an 18c increase in levies and a possible 27c underrecovery.
The move would push a litre of 95 octane unleaded petrol in Gauteng to R9.87 from a low of R8.07 in September last year. Fuel prices are adjusted monthly to bring them in line with the cost of a basket of imported fuel products.
In recent months, the petrol price has soared along with international oil prices.
http://www.iol.co.za/business/business-news/consumers-prepare-to-face-steep-price-hikes-1.1049156
