Industry News

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15
Jul

SA fuel prices: ‘Petrol up, diesel down, as oil, Rand do battle’ – AA

While the Rand has won ground against the US dollar in July, international oil prices have increased, offsetting the Rand's gains. This is according to the Automobile Association (AA), which was commenting on unaudited monthly fuel price data released by the Central Energy Fund. "The Rand has progressively appreciated against the US dollar since 1 July, dipping below the R14 to the dollar mark," the AA says. "However, international oil…

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11
Jul

SEE: How many litres of petrol can you buy with a typical SA salary?

How many litres of petrol can you buy with an average salary around the world? While South African motorists are reeling from ever-increasing fuel prices, many motorists in the world fare far worse at the pumps. The average petrol price is dependent on many factors, such as global crude oil prices, taxes and/or margins established by fuel station owners. The value of one litre of petrol at the retail point…

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08
Jul

SEE: Here’s how much our neighbouring African countries are paying for petrol

As South African road users continue to feel the pressure at the pumps we take a look at how much motorists are paying for fuel in neighbouring African countries. Zambian motorists currently pay more for fuel than other Southern African countries with $1.16 per litre of petrol. South Africa will pay $1.11 for fuel both inland and coastal. https://www.wheels24.co.za/Fuel_Focus/see-heres-how-much-our-neighbouring-african-countries-are-paying-for-petrol-20190708

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08
Jul

Future fuels: Which will prevail – hybrid, electric or petrol cars in SA?

Three lower-carbon technologies and a host of also-rans are competing to replace internal combustion engine vehicles. Jakkie Olivier, CEO of the Retail Motor Industry Organisation (RMI), takes a look at their advantages and disadvantages. There is a growing sense of urgency in the automotive industry that more needs to be done to curtail dependency on fossil fuels and to reduce harmful CO2 emissions. Original Equipment Manufacturers (OEM) are channelling ever…

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08
Jul

SEE: World’s cheapest petrol prices

Countries that produce oil have the benefit of not paying too much to fill-up their tanks. As South African motorists are currently paying the equivalent of $1.11 per litre. Countries such as Nigeria only pay $0.40 per litre of petrol We take a look at some of the cheapest fuel prices around the world: https://www.wheels24.co.za/News/see-worlds-cheapest-petrol-prices-20190705

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08
Jul

SEE: Feeling the pinch at the pumps? Spare a thought for these motorists who experience the world’s most expensive petrol prices

As South African motorists continue to feel the pressure from ever-increasing fuel prices we take a look at the petrol prices at pump around the world. Local road users  are currently paying R15.61 per litre for fuel. Hong Kong, Monaco, and Norway top the list for the highest petrol price in the world. Motorists in Hong Kong are currently paying a staggering $2.21 for a litre of petrol with Monaco not…

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03
Jul

At least 10 killed in Nigeria fuel tanker blast

At least 10 people were killed and more than 50 injured in central Nigeria when a petrol tanker crashed off the road and exploded as people gathered fuel, the emergency services said on Tuesday. The truck overturned close to shops as it was travelling through the village of Ahumbe in Benue state on Monday. Local residents rushed to collect the leaking gasoline but the fuel exploded, causing a blast that…

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02
Jul

Want to reduce your fuel bill? These are the top second-hand cars to buy and sell at auctions in SA

While the petrol price is set to drop by 95 cents a litre during July and diesel will drop by 75 cents, South Africans are still reeling from sky-high fuel prices. One way of dealing with this situation is by purchasing an economical car. But which vehicle is best? According to Darryl Jacobson, managing director of True Price, these are the eight best buys if fuel economy is important. He…

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01
Jul

Big petrol price cut clipped by hike in electricity costs

Although petrol and diesel costs will be dropping for the first time in six months on Wednesday, consumers have little to celebrate as electricity tariffs start to kick in from Monday July, 1. Petrol 95 will fall by 95 cents a litre and 93 octane by 96 cents at midnight on Tuesday. Diesel (0.05% sulphur) will decrease by 74 cents and diesel (0.005% sulphur) by 75 c/l. Subscribe to Fin24’s…

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