Marizka Coetzer
3 minute read
4 May 2022
6:19 am

Hardship and cold winter ahead thanks to loading shedding, soaring paraffin rates

Marizka Coetzer

While the petrol price drop came as a relief, stage 2 load shedding will dampen the mood as Eskom attempts to avoid a total collapse of the grid.

Photo: iStock

South Africans are being kicked while they are down as, shortly after a meagre 12c reduction in petrol was announced together with a 98c increase in diesel yesterday, Eskom announced stage 2 load shedding until next week. And the soaring price of diesel will further squeeze Eskom’s already parlous finances because it spends hundreds of millions of rands a month on open-cycle gas turbine generators during load shedding to avoid a complete collapse of the electricity grid. Mineral and Energy Resources Minister Gwede Mantashe yesterday morning announced a slight decrease in both grades of petrol and a hefty increase in...