Industry News

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16
Sep

Major dip in fuel price on the cards, says AA

The recent strength of the rand against the US dollar could see the fuel price drop at the end of September.  • International oil prices also dropped this month, reducing in SA by more than 10% since the beginning of the month. • The Automobile Association of South Africa predicts a reduction in the fuel price by between 26 and cents a litre. • For more motoring stories, go to www.Wheels24.co.za Fuel…

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14
Sep

New hope for petrol price: Oil slumps after Saudi Arabia’s deep price cuts

Oil futures fell on Monday, in their longest slide since April, as Saudi Arabia made deep price cuts for Asia-bound crude to help stir demand. This could help secure a South African fuel price cut in October, with diesel already on track for a 65c/litre decline. Money managers have turned increasingly bearish on energy contracts in the week to September 1, according to data from Saxo Group. Among energy contracts,…

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31
Aug

Wanted: Drones, spies, and a small army to help Transnet keep its fuels pipelines safe

Transnet Pipelines is looking for drones, spies, and an army of some 150 people to help guard its pipeline network. Thieves are now digging up its pipes and installing their own valves to siphon off fuel, Transnet says. Guarding 3,800 kilometres of pipelines isn't easy, so it wants both a helicopter strike force and help infiltrating criminal syndicates, to prosecute those who sell the fuel in neighbouring countries. Its new…

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