Industry News

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31
Oct

PETROL WILL BE CHEAPER IN NOVEMBER!

PETROL might be a little cheaper in November. According to the Automobile Association (AA) petrol prices are showing a mixed picture with some prices predicted to climb and others falling. “93 octane petrol is showing a five-cent drop, while 95 octane petrol is set to rise by ten cents. Diesel is forecast to climb by two cents while illuminating paraffin looks set for a two cents decrease,” the AA said…

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30
Oct

Petrol, diesel should be slightly cheaper next week – AA

The Automobile Association is anticipating fuel price drops in November of between 8c and 18c per litre for petrol, 14c for diesel, and 21c for illuminating paraffin”. This is in the wake of oil price retreats in October, the AA said in a statement on Tuesday, commenting on unaudited month-end fuel price data released by the Central Energy Fund (CEF). The latest data from the CEF shows that 95 unleaded…

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28
Oct

Sasol could sell cheaper fuel if the petrol price were deregulated – at current oil prices, anyway

Sasol can produce fuel from coal cheaper the cost of oil. But South Africa's regulated fuel price is based on the price of oil, and the value of the rand. That means if the petrol price was to be deregulated – as is occasionally proposed – Sasol could, in theory, sell fuel cheap. For more stories, go to the Business Insider SA homepage. At current prices Sasol is producing petrol at…

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24
Oct

Petrol price cuts are now on the cards

A combination of falling oil prices and a surprise rally in the rand may ease the financial pressure on motorists at the pump in the first week of November. The latest data from the Central Energy Fund shows that petrol prices could be cut by between 3c a litre(95 unleaded) to 15c (93), while diesel prices could be lowered by between 9c and 11c, and illuminating paraffin by 17c. After…

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21
Oct

SA’s next fuel hike in November won’t break the bank for motorists

Fuel prices are showing a mixed picture for November, with some prices predicted to climb and others falling. This is according to the Automobile Association (AA), which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund. Rise and fall In an indication of how flat the month has been to date, the AA notes that different fuels are heading in different directions. SEE | How…

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17
Oct

As if load shedding isn’t bad enough, the petrol price may be going up too

If you use fuel to run generators during load shedding, you may have to prepare to pay more soon, new data from the Central Energy Fund suggests.  The CEF calculates anticipated fuel price increases or declines based on the exchange rate and Brent crude oil price.  It showed that 95 unleaded petrol is set for an increase in November, though 93 unleaded is set for a decline.  For more go…

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17
Oct

More mileage

WITH the petrol price having gone up eight times this year, clearly we need to come up with ways to save on fuel. In addition, car owners need to become good drivers. WesBank’s Fuel Economy Tour, run in partnership with FNB, which will arm you with definitive car fuel consumption figures among a selection of car brands, as well as recommended travelling times between major centres in the country to…

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17
Oct

Petrol vs Electric – Which car is the fastest in a drag and sprint race?

The prominence of electric cars are on the rise as more and more people are making the switch from combustion. The almost instantaneous availability of on-tap power is one massive advantage electric cars have over their combustion counterparts. Petrol cars can bring up the valid point that they can drive anywhere without having to be charged at specific ranges. A bit of electric insight Select Car Leasing created a cool…

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14
Oct

Union prepares for strike at petrol stations, car factories

The National Union of Metalworkers of South Africa (Numsa) plans to launch a strike in the vehicle industry – including at petrol stations, dealerships and vehicle manufacturers - if employers do not give into its demands, which includes a night-shift allowance for petrol station workers. In a statement issued on Sunday, Numsa said mediation efforts at the Commission for Conciliation, Mediation and Arbitration (CCMA) have broken down and that it…

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07
Oct

Another fuel and energy price hike – no end in sight for weary Zim consumers

There appears to be no end in sight for hard pressed Zimbabwean consumers as they now have to pay 26% more for fuel and 300% more for energy starting this Sunday. Fuel prices in the southern African country have been going up every week, but this week's hike is the biggest jump to date. According to a notice published by energy regulator Zimbabwe Energy Regulatory Authority (ZERA) on Saturday, prices…

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