You might be paying a lot more for toilet paper soon - here’s why
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This scenario might be all too familiar for many of us: you're in the bathroom, in the middle of your daily business on the toilet, and suddenly you realise you're out of toilet paper.
It's not a pleasant experience, to say the least. It can be downright catastrophic! That's why most of us try to keep our bathrooms well-stocked with this essential item at all times; no one wants to run out.
Unfortunately, it looks like we might have to start stocking up even more than usual soon. That's because Sorbent toilet paper – made right here in Australia – is set to get a lot more expensive due to rising gas prices.
Solaris Paper is the company behind Sorbent toilet paper and other products like facial tissues, and they're one of the biggest manufacturers in the country.
According to their Chief Executive Steve Nicholson, their current contract with their gas provider ends at the end of 2022 - and they're not happy with their new contract.
Apparently, the best offer on the table is 290% more expensive than their current rate! Considering how much Australians rely on this product every day, that increase is going to hit us where it hurts most – our wallets!
'Particularly in terms of the viability of our operation. This is an iconic toilet paper you're talking about,' Nicholson said in an interview with Ben Fordham on 2GB. 'We are one of the largest producers in this country of toilet paper and facial tissues.'
'It's a tremendous challenge for us.'
While Nicholson wouldn't specify the exact dollar amount their gas bill would be increasing by, he did say that it would be in the 'many millions'. And with other production costs also on the rise, we'll likely see Sorbent products increase in price in the new year.
'We don't want to pass on these costs but we're going to have to. We can't absorb these costs,' said the executive.
'This is a real crisis looming up.'
Sadly, Sorbent isn't the only company feeling the pinch. Snackbrands Australia – which oversees brands like Cheezels, Kettle, CC's and Thins – revealed that their gas bill has soared from roughly $3 million per year to $9 million. This means we can expect a similar price increase on chips and other snacks in 2023.
Both businesses have operations in the Sydney area represented by Federal Energy Minister Chris Bowen, and they have both stated that they would like to have a conversation with him about what is happening.
With electricity prices also on the rise, we'll likely see a lot of other products and services increase in price over the next year or so. And that's not good news for any of us!
So, what can you do to prepare for these impending price hikes?
Our best advice is to start stocking up on essentials now while prices are still relatively low. That way, you won't have to worry about running out when things start to get more expensive.
Bear in mind, though, that stocking up is very different from hoarding. Remember the early pandemic, when people bought more toilet paper than they could ever use in their own homes, leaving others without? Make sure you're not following in their footsteps! Bulk panic buying is not necessary or recommended.
Do you have any tips for saving money on groceries and essential items? We'd love to hear them! Share them with us in the comments below.
It's not a pleasant experience, to say the least. It can be downright catastrophic! That's why most of us try to keep our bathrooms well-stocked with this essential item at all times; no one wants to run out.
Unfortunately, it looks like we might have to start stocking up even more than usual soon. That's because Sorbent toilet paper – made right here in Australia – is set to get a lot more expensive due to rising gas prices.
Solaris Paper is the company behind Sorbent toilet paper and other products like facial tissues, and they're one of the biggest manufacturers in the country.
According to their Chief Executive Steve Nicholson, their current contract with their gas provider ends at the end of 2022 - and they're not happy with their new contract.
Apparently, the best offer on the table is 290% more expensive than their current rate! Considering how much Australians rely on this product every day, that increase is going to hit us where it hurts most – our wallets!
'Particularly in terms of the viability of our operation. This is an iconic toilet paper you're talking about,' Nicholson said in an interview with Ben Fordham on 2GB. 'We are one of the largest producers in this country of toilet paper and facial tissues.'
'It's a tremendous challenge for us.'
While Nicholson wouldn't specify the exact dollar amount their gas bill would be increasing by, he did say that it would be in the 'many millions'. And with other production costs also on the rise, we'll likely see Sorbent products increase in price in the new year.
'We don't want to pass on these costs but we're going to have to. We can't absorb these costs,' said the executive.
'This is a real crisis looming up.'
Sadly, Sorbent isn't the only company feeling the pinch. Snackbrands Australia – which oversees brands like Cheezels, Kettle, CC's and Thins – revealed that their gas bill has soared from roughly $3 million per year to $9 million. This means we can expect a similar price increase on chips and other snacks in 2023.
Both businesses have operations in the Sydney area represented by Federal Energy Minister Chris Bowen, and they have both stated that they would like to have a conversation with him about what is happening.
Key Takeaways
- Solaris Paper revealed that its gas costs will almost triple next year, meaning shoppers will see another price hike on toilet paper.
- Snackbrands Australia has also revealed that its gas bill has soared from roughly $3 million per year to $9 million, meaning consumers could expect a 30c to 50c price increase on its chips in the next year.
- Both companies have operations in Federal Energy Minister Chris Bowen's electorate in Sydney and have said they want an opportunity to speak to him about what is going on.
So, what can you do to prepare for these impending price hikes?
Our best advice is to start stocking up on essentials now while prices are still relatively low. That way, you won't have to worry about running out when things start to get more expensive.
Bear in mind, though, that stocking up is very different from hoarding. Remember the early pandemic, when people bought more toilet paper than they could ever use in their own homes, leaving others without? Make sure you're not following in their footsteps! Bulk panic buying is not necessary or recommended.
Do you have any tips for saving money on groceries and essential items? We'd love to hear them! Share them with us in the comments below.