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<\/a>While the full extent of the war is hard to predict, given that no one knows how long the conflict will last, it has become clear that there will be ripple effects for months to come, even if it’s short-lived. <\/p>\n\n\n\n
Consumers were already hit with R3, and R7 hit at the pumps for petrol and diesel, respectively, in April, despite the government lowering the fuel levy by R3. <\/p>\n\n\n\n
\u201cAt least two more months of increases are likely, unless notable progress is made to end the conflict on a meaningful, sustainable basis,\u201d said Kruger.<\/p>\n\n\n\n
Current underrecoveries for May are expected to lead to further R3 increases in petrol and R9 increases in diesel. <\/p>\n\n\n\n
\u201cIt will be impossible for companies to absorb the extent of these projected fuel price increases that will not only cause a spike in consumer inflation but also likely trigger a widespread upward adjustment in prices across the economy,\u201d said Kruger. <\/p>\n\n\n\n
Secondary impacts from companies are already evident in the transport sector. Due to a sharp increase in jet fuel prices, many airlines have introduced temporary surcharges in March. <\/p>\n\n\n\n
Security companies have also increased their levies, while those who rely on plastic, such as the maker of Jojo Tanks<\/a>, have also raised prices. <\/p>\n\n\n\n Agricultural organisations have warned that the spikes in both diesel and fertiliser prices will soon be reflected in food prices. It is expected that food prices will be further impacted by transportation costs. <\/p>\n\n\n