Industry News

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27
Jun

Large fuel price drop expected for July says AA

Lower international oil prices have set up a substantial fuel price drop for July, according to the Automobile Association. In a fuel price prediction on Thursday, the association said it is expecting the petrol to drop by 86 cents a litre, diesel by 68 cents, and illuminating paraffin by 58 cents next month. This reduction could have been greater had it not been for the rand, it added. The AA…

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27
Jun

Fuel set for July breather, weak Rand obstructs bigger drop – AA

Lower international oil prices throughout June have set up a substantial fuel price drop for July, and the reduction could have been greater had it not been for the Rand. This is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel price data released by the Central Energy Fund. The Association is expecting petrol to drop by 86 cents a litre, diesel by 68 cents, and illuminating…

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26
Jun

Refuelling return would not fix F1 – Horner

F1 figures are not very enthusiastic about the idea of bringing refuelling back to the sport. With Mercedes utterly dominating, many are wondering how Formula 1 should be spiced up ahead of the sweeping rule reforms for 2021. Antti Aarnio-Wihuri, a former sponsor of Valtteri Bottas, told the Finnish media that he thinks bringing refuelling back to the pitstops would help. "If the cars are going at exactly the same…

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26
Jun

Fuel price might decrease

A decrease in the fuel price and interest rates may provide a boost to South African households. The possibility of a decrease in the fuel price was indicated in a recent forecast by the Automobile Association (AA). The AA indicated that in July the price of fuel may drop by 91 cents per litre of petrol, diesel by 70 cents and illuminating paraffin by 62 cents. This is yet to…

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24
Jun

Farmers determined to fight against shale gas

The Supreme Court of Appeal in Bloemfontein heard arguments last week by Agri SA's affiliate, Agri Eastern Cape, regarding the legality of technical regulations for fracking previously promulgated by the Minister of Mineral Resources. "In the absence of satisfactory information about the availability and treatment of water to sustain a fracking and shale gas industry in South Africa, Agri SA cannot support government's apparent appetite for a full-scale gas industry…

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18
Jun

This is how much it will cost you to open your own petrol station

South Africa burns a lot of petrol – and selling it may be for you. Here's how to open your own independent petrol station, or buy an existing petrol franchise, and the advantages and pitfalls of each. Be warned, it is not for everyone, and it isn't cheap. If petrol isn't your thing, see below for links to articles about opening up franchises in fast food, retail, and other sectors.…

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13
Jun

SEE: Fuel price hikes – world’s most expensive petrol

As South African motorists reel from ongoing petrol price hikes we look at fuel prices around the world. Local motorists are currently paying the about R16.57 per litre for fuel, reports Automobile Association. Hong Kong - world's most expensive petrol price In terms of the most expensive petrol price, motorists in Hong Kong are currently paying $2.18 (R32.17) followed by Norway at $2.16 (R31.87). https://www.wheels24.co.za/Fuel_Focus/see-fuel-price-hikes-worlds-most-expensive-petrol-20190613

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07
Jun

Carbon tax way too low to curb emissions, say experts

Experts say the carbon tax introduced this week is so low it will have almost no effect in curbing South Africa’s greenhouse gas emissions that are increasing at a rate faster than the world average. Companies will pay as little as 42 US cents a ton of carbon emissions, whereas an international study says a carbon tax should be between $50 to $100 a ton if it is to be…

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05
Jun

Mantashe on fuel prices: SA could have a reprieve in July

There could be a reprieve from fuel price hikes in July, Minister of Mineral Resources and energy Gwede Mantashe has said. Recent fuel price hikes are due to "local and international factors" including the carbon tax levy, effective from June 1, 2019, Mantashe said in a statement late on Tuesday. However, he said, " Going forward, the expectation is that barring any negative geopolitical event, the indications are that there…

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05
Jun

One of Europe’s flagship airlines is working on a fuel-efficient, V-shaped plane that seats passengers in its wings

Dutch airline KLM will help fund a futuristic v-shaped plane whose aerodynamic design will make it more fuel-efficient. The "Flying V" will carry passengers, cargo, and fuel tanks in its wings. The plane is still in its early phases, and is unlikely to be in service before 2040. Although it has many of the same characteristics as an Airbus A350, the v-shaped plane will use 20% less fuel. The Dutch…

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