Further petrol price relief; lowest since September 2016 The Department of Energy announced that the petrol price (95 ULP) will decline by a further R1.74/l, with effect from Wednesday, 6 May 2020. The latest announcement means that the price of 95 Octane (LRP, Gauteng) will now cost R12.22 per litre, which is the lowest oil…
Invest in a Petrol Station Whenever you are in any business, profit margins are the top priority for anyone. Though owning a petrol station does come with several other benefits as well. There are several factors that you should keep an eye out before you start to look for petrol stations for sale in your…
Want to Own a Petrol Pump? There are many who are looking to buy their own filling or petrol station due to the several perks that it comes with. However, this very concept is surrounded by some biased misconceptions that run rampant on the minds of existing as well as potential petrol station sellers. Such…
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…
