Archives

April 2018

Opening a petrol station franchise in South Africa

petrolstation franchise

How much does it cost to buy a petrol station in South Africa? The fuel retail sector continues to grow in spite of the relatively sluggish economic growth in South Africa. This is according to a new report by the South African Petroleum Industry Association (SAPIA), which found that the sector contributes 8.5% to the South…

Brent oil could hit $80 a barrel

Brent oil could spike to $80 a barrel if the US and European Union reimpose sanctions on Iran – and as Western powers expand the scope of the Syrian civil war, JPMorgan strategists, led by John Normand, wrote in a note on Friday. “Risks we thought might materialise this summer through Iran sanctions are emerging…

Petrol price for May 2018

Petrol price for May 2018 – Sharp increases in the landed prices of fuels are set to hit motorists hard at the end of April, according to the Automobile Association (AA). “Petroleum prices were largely flat in the first week of April, but spiked sharply as tensions escalated in Syria,” the AA said, commenting on…