CONTINUED PETROL PRICE HIKES BAD NEWS FOR FARMERS

CAPE TOWN – Motorists can expect the price of petrol to increase to its highest level in three years next month.

The Agriculture Business Chamber expects a hike for the third consecutive month in October.

Agbiz’s Wandile Sihlobo says that both diesel and petrol prices could go up by as much as 3%.

He adds this is due to an uptick in the price of crude oil.

“This comes at a relatively critical time because the farmers have to start planting around about mid-October so this is usually a period of high fuel consumption. Also, roughly about 11% of growing production costs is fuel.”

Article Source – http://ewn.co.za/2017/09/19/continued-petrol-price-hikes-bad-news-for-farmers

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