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Price Increase in December South African motorists should brace themselves for a massive fuel price increase in December, says Hanré Rossouw, portfolio manager at Investec, speaking to Talk Radio 702. Rossouw said that an increase in the global oil price – to 2-year highs of $64 dollars per barrel – would compound pressures seen in the South…
Price Hike Motorists can expect a modest petrol price increase next month as the rand continues to struggle against the US dollar. Softer international petrol prices have been offset by a declining rand since the start of October, while diesel and illuminating paraffin prices were slightly up, leaving them with no protection against rand weakness,…
ENGEN Secure Top Spot in South Africa For the seventh consecutive year, consumers have backed Engen as their favourite petrol station in the country. The accolade was attributed to Engen in the Sunday Times Top Brands survey, which recognises brands that have earned top consumer sentiment in South Africa over the past 12 months. “We…
Commodities trader and miner Glencore has stepped ahead of Sinopec to be the buyer of Chevron’s assets in South Africa and Botswana in cooperation with a consortium of black economic empowerment (BEE) shareholders. Glencore has joined forces with a consortium of BEE shareholders and an employee trust, which own 25% of the Chevron business in…
Glencore is looking for a deal JOHANNESBURG — After it lost its Optimum Coal Mine to the Guptas amid controversial political pressure, Glencore seems to be eyeing other assets in the South African market. Cape Messenger editor Donwald Pressly has reported that Glencore is looking to more than match a deal an offer by China’s Sinopec to buy…
Fuel Retailing Petrol station franchise in South Africa continues to be resilient as economic indicators remain subdued, says James Noble, business development manager: fuel industry at Absa Business Banking. According to Noble, the South African fuel retail industry has grown considerably in recent years. It is one of the few sectors to weather the downgrading, rand…
Car advertising website Cars.co.za has published a report on the costs of owning and operating a petrol car in South Africa versus a diesel equivalent. The report looked at the cost of two models within a specific range and compared the cost and fuel consumption for the life of the vehicle’s service/maintenance plan. The idea was to compare whether or…
The upgrade —which adds unleaded 93 and 95 octane to the fuels the pipeline can transport inland — comes just in time for the shutdown of the Natref refinery. Transnet says its new multi-products pipeline between Durban and Johannesburg is now being upgraded to multi-petroleum product mode. Since its commissioning in 2012, the 555km pipeline…
Service Station in South Africa It’s only a matter of time before EV charging stations are integrated with conventional gas stations. It only makes sense for oil companies to start … It’s only a matter of time before EV charging stations are integrated with conventional gas stations. It only makes sense for oil companies to…
Increase in Petrol Price Motorists in South Africa will need to brace for further pain at the fuel pumps in October, with yet another sharp increase in the petrol price likely due to rising crude oil prices. Citing the latest information from the Department of Energy on Friday, independent economist Fanie Brink said that the price…
