Cosatu demands release of government research on capping fuel price | IOL News

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Cosatu demands release of government research on capping fuel price | IOL News
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Cosatu called on the government to release its research into a possible cap on the fuel price.

Cape Town - The Congress of South African Trade Unions on Wednesday called on the government to release its research into a possible cap on the fuel price.

In a media release, Cosatu lamented the "massive fuel price hike" of R1.34 a litre which took effect at midnight on Wednesday. "It is becoming blatantly clear that our inept government does not have a solid plan to lessen the impact of these fuel hikes on consumers," Cosatu's parliamentary liaison said.

"The government promised a review of the fuel price structure in November 2018. Since that promised review, the public has heard nothing from the state. In the meantime, the fuel price has been increased three times with another massive increase predicted for May.""While all income groups are treated equally, it is, in fact, the poor who are the hardest hit.

Cosatu proposed a reduction of 38 percent of the tax rate of fuel, saying government could make up for this by cutting the around 10 percent of the budget lost to corruption as reported by the Auditor General and increasing taxes for the rich.

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