Theo Malele, spokesperson of the National Taxi Alliance (NTA), told The Star on Sunday that the taxi industry would struggle to cope with the latest petrol price increase.
Energy Minister Jeff Radebe announced on Sunday that both 93 and 95 octane would go up by 54c a litre on Wednesday. Paraffin will go up by 3c a litre, while diesel will increase by 1c.
The May 1 petrol hikes come after big increases in April.
While millions of commuters in the country rely on taxis to get to work, Malele said fuel increases always negatively affected owners’ profits and increased spending on fuel.