Petrol price hike is an attack on the poor The latest petrol price increase by a record 82 cents a litre is totally unacceptable. It cannot be justified on any grounds. High international oil prices and the weakening of the rand – reasons given for the massive increase, simply do not hold water. It is…
CAPE TOWN – Glencore Plc and a black-investor group are the only partners in a potential $1 billion deal to buy Chevron Corp.’s southern African assets, according to three people familiar with the situation. Business Day, a Johannesburg-based newspaper, reported earlier that South Africa’s Public Investment Corp, which invests the pensions of civil servants, could…
According to the Automobile Association, a massive fuel price hike will kick in at the end of May Motorists are bracing themselves for yet another petrol price increase. According to the Automobile Association (AA), a massive fuel price hike will kick in at the end of May. According to unaudited data, South African fuel users are currently…
Rethink needed on petrol levy About half the petrol price is constituted by local additions of one sort or another SA is facing something of a petrol-price crisis. The pump price of petrol has so many inputs, which often pull in different directions, so it is often hard to keep track of the overall direction….
The two hefty increases in the petrol price in April and May have resulted in the highest fuel prices ever in SA. While it has hit motorists hard – the high price of R14.72 translates into a monthly bill of R2 000 to R3 000 for most motorists – obviously depending on how much you…
The first of two major fuel hikes took place on Wednesday (May 2), with an increase of 45 cents per litre. The next increase will hit South Africans at the end of this month with the highest it has ever been at 92c a litre, pushing the price of fuel to more than R15/litre according…
Total SA plans to add more than 200 gas stations to its current network of over 500 sites in South Africa, said Pierre-Yves Sachet, managing director and chief executive officer for Total South Africa, in an interview with Bloomberg. “In retail, we clearly want to grow and to grow by 200 to 300 service stations…
If you think South Africa’s sky-high petrol prices are merely adjustments to the international crude oil market, you’d only be half right. They’re actually globally high because government is milking it in fuel taxes, an easy target along with sin taxes on tobacco and alcohol and most recently, a unique VAT increase. The latest fuel…
The price of petrol is at an all-time high from Wednesday morning. A litre of 93 octane unleaded petrol (inland) now costs R14.72. This is 23 cents more than the previous record high of R14.49 in December last year. Meanwhile‚ diesel has increased by between 58 and 59c per litre‚ while the wholesale price of…
How much does it cost to buy a petrol station in South Africa? The fuel retail sector continues to grow despite 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 African Gross…
