COSATU statement on the temporary fuel price relief measures presented by Minister Enoch Gondongwane and Minister Gwede Mantashe
31 March 2022
The Congress of South African Trade Unions (COSATU) welcomes the announcement of a R1.50 per litre reduction in the fuel price by Finance Minister Enoch Godongwana for April and May. This will provide badly needed relief to workers, commuters and the economy struggling to cope with painful increases in the fuel price and the subsequent rise in transport, food, and consumer goods’ costs.
The funding of this relief from a sale in the strategic fuel reserves is supported as this will help ensure that money is not diverted from the fiscus.
The Federation is however dismayed by the tepid medium- and long-term proposals by government on a more sustainable long-term fuel price regime and how to protect workers and the economy from international oil price volatility.