COSATU urges Parliament to fast-track bill for fuel price relief
Congress of South African Trade Unions (COSATU) is calling on Parliament to urgently pass a Special Appropriation Bill that would unlock R10 billion for fuel-price relief, as motorists brace for another steep increase in fuel prices.
The trade union federation says the money should be channeled through the Central Energy Fund’s Equalisation Fund to cushion workers and consumers from the impact of soaring international oil prices. This Wednesday, the petrol price is expected breach the R30 per litre mark for the first time, while diesel is already above R30 per litre.
[LISTEN] COSATU Urges Urgent Passing Of R10 Billion Fuel Relief Bill
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COSATU Parliamentary Co-ordinator Matthew Parks says it is critical that Parliament passes this bill as a matter of extreme urgency.
“With fuel price hikes of at least R2.50 projected for October, it is critical that Treasury and the Central Energy Fund move with speed and utilise this R10 billion to provide badly needed fuel relief for October and November. This would help ease the cost-of-living pressures facing workers and lower inflation, and prevent yet another devastating repo rate”
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