Wednesday, February 9, 2011

COURIER COMPANIES FEEL THE BRUNT OF FUEL PRICE HIKE

Courier companies have been adversely affected by the increase in fuel prices effected yesterday.

The price of petrol increased by 70 cents per litre while that of diesel increased by 80 cents, making these new prices the highest since 2008.

Some of the courier companies will practise what is known as fuel surcharge, which means once a hike in fuel prices is affected by government, it is passed on to the consumer while other companies absorb it wholly.

General Manager - Transport of Interfreight (PTY) LTD Veli Dlamini said his company usually absorbed 40% of the total price hike while the remaining 60% was passed on to the consumer.

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