Fuel prices will see another adjustment at the end of August 2021. • It's predicted that diesel will decrease by around 16c/litre. • The changes in local fuel prices are due to declines in international petroleum prices. • For more motoring stories, visit Wheels24 Reporting on unaudited mid-month fuel price data released by the Central Energy Fund, the Automobile Association (AA) notes that the price per litre for petrol and diesel could see modest…

The latest calculations by the Central Energy Fund show that – at the current levels of the dollar-rand rate and oil prices – diesel prices may be cut slightly in September, while petrol could be hiked. According to the Automobile Association (AA), the petrol price could increase by around 4c a litre, while diesel may be cut by 16c and illuminating paraffin by 10c. Petrol and diesel prices are largely…

US oil giants ExxonMobil and Chevron reported strong profits on Friday riding a wave of higher prices amid recovering demand, but pledged to keep a lid on spending. The results marked a 180-degree reversal from this time last year when the companies suffered hefty losses amid heavy pandemic restrictions that crimped economic activity and halted travel. "Positive momentum continued during the second quarter across all of our businesses as the…

The petrol price will increase by 91 cents per litre (c/l) in August, the Department of Mineral Resources and Energy (DMRE) said. The DMRE on Saturday issued a statement indicating steep fuel hikes next month - among the main drivers include an increase in the Brent crude oil price from $73 per barrel to $74 per barrel, as well as an increase in international petroleum product prices, depreciation of the…

Consumers can expect a hefty increase on all fuel types in August due to an increase in import prices, the Automobile Association said on Friday. The AA – which does not itself regulate fuel prices – said it expected a jump of around 83 cents a litre higher for petrol, 48 cents a litre for diesel, and 48 cents for illuminating paraffin. Its comments come on the back of the…

The world's leading oil producers meet later on Sunday, with observers expecting an agreement to modestly boost output from August, after the United Arab Emirates blocked a deal earlier this month. Days of negotiations of the OPEC+ grouping to continue to further ease production cuts ended without agreement on July 5, exposing a row between the world's largest oil exporter Saudi Arabia and brash neighbour the United Arab Emirates. Since…

The Department of Mineral Resources and Energy has provided clarity on regulations prohibiting the retail sales of petrol and diesel in containers. After receiving concerns about the regulation, the department indicated that it will issue an amendment to the definition of "container". The department also clarified that fuel supplies in areas affected by unrest is returning to normal.   The Department of Mineral Resources and Energy (DMRE) will revise regulations…

Amid looming food and fuel shortages, new, temporary regulations have been implemented that will allow suppliers of essential goods to openly share information with each other about inputs, stock levels and demand for products.    In normal times, this would be seen as collusion and anti-competitive behaviour. But government says it's necessary to prevent critical shortages. In response to looming shortages in food and fuel due to the unrest in…

Ad Mid-month data suggest petrol is set to increase by a whopping 87 cents per litre as fuel is "hammered from all sides", the Automobile Association (AA) said on Wednesday. The AA, which does not itself regulate or adjust fuel prices in SA, publishes two fuel outlooks per month, based on data issued by the Central Energy Fund. In a statement on Wednesday, it said in addition to the forecast…

Petrol stations in South Africa "may not retail and dispense petrol or diesel into a container." This is according to the latest regulations issued in terms of the Petroleum Products Act by the mineral resources and energy minister on Thursday, which are yet to be officially gazetted. This is "in the interests of public safety associated with the ongoing unrest" according to the minister. The civil unrest in Gauteng and…