Latest News & Developments
Discover how a series of operational setbacks and global market dynamics have led to a staggering decline in Sasol's share price, as analysts weigh the potential for recovery amid ongoing challenges in the fuel and chemicals sectors.
Transnet Pipelines receives approval for a 7. 83% tariff increase to combat escalating theft and enhance security measures, while facing financial challenges and asset value fluctuations. NERSA's decision enables R7. 84 billion in allowable revenue for 2025/26, supporting critical infrastructure protection.
South African fuel prices have skyrocketed by almost 200% since 2008, from R7. 20 to R21. 55 per litre. And it's not only at the pumps where we are feeling this. But what exactly contributes to the price of petrol?
February’s increases follow petrol price hikes of between 12 cents and 19 cents in January, 17 cents in December and 25 cents in November.
Amid escalating conflict in eastern DR Congo, WHO has confirmed that a critical laboratory containing deadly pathogens including Ebola remains secure, despite the M23 rebel group's seizure of Goma.
EThekwini Municipality's water tanker deliveries have been halted due to a diesel shortage, exacerbating ongoing water supply issues in the region. Municipal officials express concerns over infrastructure failures and budget constraints, prompting calls for urgent intervention
The Department of Mineral and Petroleum Resources announced the official price adjustments on Tuesday and will come into effect from Wednesday.
Economists expect oil prices to remain volatile due to the uncertainty created by Trump’s protectionist policies as well as US sanctions on Russian-produced fuel.
Transport Minister Barbara Creecy announces a robust logistics plan to secure jet fuel for OR Tambo International Airport, ensuring uninterrupted operations amid a recent fuel crisis.
Economists have warned motorists to start filling up their tanks as a steep petrol price increase is on the cards on Wednesday, February 5.
Trump on Friday reiterated his call for the Organization of the Petroleum Exporting Countries to cut oil prices to hurt oil-rich Russia's finances and help bring an end to the war in Ukraine.
Market guidance for both Mining and Gas remains unchanged, with the annual volume outlook for SO and Natref revised downward due to the aforementioned challenges. Despite the operational challenges faced, we remain committed to executing key self-help initiatives aimed at improving performance and mitigating the challenges we face.
Power disruptions at Cape Town International Airport have led to significant flight delays, while OR Tambo International Airport faces fuel supply challenges as ACSA works to resolve the issues.
With the most recent daily data having moved further into the red, the aforementioned under-recoveries look set to grow between now and month-end, risking increases of R1 or more for petrol, should current trends persist.
The rand, which averaged R18. 11 during the last fuel price review period, has also lost considerable ground, breaking through the R19 mark earlier in January, before recovering to R18. 60 later in the month, which is insufficient to soften the blow.
ACSA confirms collaborative efforts among industry stakeholders to secure jet fuel supply for OR Tambo International Airport, ensuring minimal flight disruptions in February.
South African economists predict a potential R1 per litre fuel price increase for February, driven by a weakening Rand and surging Brent crude oil prices.
Economists have raised concern that a higher international oil price could lead to more fuel price increases in South Africa.
Neil Roets, CEO of Debt Rescue said this is very bad news for consumers who already carry the financial burden of 2024 into the new year.
South African motorists are facing yet another fuel price increase as the new year begins, raising concerns about the impact on consumer budgets and inflation.
Motorists will have to pay more for fuel, come January 1, 2025, and holidaymakers are urged to factor this additional cost into their travel plans back home.
She said taxi operators were contending with paying more in loan repayments for their taxis than they were earning in a month from the vehicles.
ACSA regional general manager, Jabulani Khambule, explained that the delays were caused by a breakdown at the fuel farm.
The Department of Petroleum and Mineral Resources hiked both grades of petrol by 17 cents a litre.
The Department of Petroleum and Mineral Resources (DMRE) released the official adjustments on Tuesday.