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Business Investment The fuel retail industry is one of the most resilient industries in the country that has found itself capable of delivering some healthy margins of profit even in times of slow economic growth. James Noble from Absa Business Banking noted the industry to be “recession-proof”. This makes business opportunities in the field to…
Black Gold Petrol and Diesel prices have always been a concern for most of the countries around the globe and there are many factors that contribute towards its growth and fluctuating prices. Petroleum is referred to as “Black Gold” by many due to its colour when it is extracted from the earth. The “gold” noun…
Buying a Petrol station When searching for petrol or service station for sale, one of the most common paths to take is looking for a petrol station for sale and seizing the opportunity to cash in on that. Buying a filling station for sale can be profitable given that you find the right one, located in a…
Petrol price increase expected in February. The AA has predicted an increase in the local petrol price for February, related primarily to an increase in oil prices worldwide. “International oil prices have reached a slightly higher plateau after climbing in the first half of January,” said the AA. However, thanks to the strengthening rand, the…
Petrol price hike. South African motorists should prepare themselves for a hike in the petrol price next week, thanks to a weakening rand and rising oil prices.According to the latest data from the Central Energy Fund ahead of next week’s change, the price of petrol is expected to increase by between 53 cents per litre…
Johannesburg – South African motorists will be dealt yet another petrol price blow on Wednesday, May 1, with the price expected to rise by over 50 cents a litre, while current trends point to another possible increase in June thanks to a weak rand and surging international oil prices. There will be some, albeit very…
Motorists can expect a petrol price hike in May, according to the latest data from the Central Energy Fund. Mid-month data on changes to fuel prices show an under-recovery of around 55 cents per litre for petrol, while diesel shows an over-recovery of around 5 cents. Should current conditions persist to the end of the…
March petrol price hike will be bigger than anticipated Johannesburg – Following some much needed relief towards the end of 2018, South Africa’s fuel prices are back on an upward trajectory and motorists should brace for a spate of increases in the coming months. The pain starts in March, with late month data from the…
With the addition of the carbon tax, and another hike in the general fuel and Road Accident fund levies, motorists will soon be paying a big chunk of their total petrol bill to government. In his budget speech on Wednesday (20 February), finance minister Tito Mboweni said that the general fuel levy will be increased…
Petrol Price in DEC Expect a massive petrol price drop in December. The AA has stated that motorists can expect a “massive petrol price reduction” in December. The price drop could be tempered by adjustments in the retail and wholesale margin, however, and “the possible continued use of the Slate Levy”, it added. It stated…
