South Africans will see the largest fuel price decreases on record at the end of March 2020.
By following these fuel saving tips, you can stretch your fuel budget substantially!
Steady declines in international oil prices have got the upper hand over a weakening Rand, setting the stage for fuel price reductions at month end.
The price decline is predominantly attributed to a stronger Rand which offsets the rise in global Brent Crude oil prices.
When margins, retail income and distribution cost are included, 55% of the fuel price is unrelated to the oil price itself.
International oil price jumped by close to 20% on Monday morning.
South Africa’s fuel price is currently calculated monthly, based on overseas oil prices.
Financial powerhouses WesBank and First National Bank (FNB) are joining forces to to conduct a Fuel Economy Tour of South Africa that they say "will provide motorists with definitive fuel consumption figures."
Petrol will be increasing by 9 cents per litre from midnight, with further increases to the price of diiesel and paraffin.
The Carbon Tax Act and the Customs and Excise Amendment Act will be implemented in June. So, what does this mean for motorists?
Sasol lost 95% of its share price compared to a year ago predominantly due to its disastrous Lake Charles chemicals project and a low oil price.
National Treasury said a new paper will be released on the possible restructure of the fuel levy, to include a local air pollution emissions component.
The first JSE-listed investment group's profit shrank by more than 600%.
According to a notice published by energy regulator Zimbabwe Energy Regulatory Authority (ZERA) on Saturday, prices for diesel and petrol are up by 26% and 27% to $15.64 and $14.97, respectively.
Motorists should prepare themselves for another hike in fuel prices this coming October.
"Weakness in the Rand is expected to drive fuel prices higher in September," reports the Automobile Association.
Sudden Rand weakness after a lengthy period of stability has put pressure on the fuel price and left South African fuel users at the mercy of international oil markets.
Renewlogy, a private waste management company, has found a way to turn plastic into fuel.The company is able to process around 10 tons of plastic waste on a daily basis to convert into fuel, according to Renewlogy's website.
When a young woman from Gordon’s Bay in the Western Cape left for work yesterday morning, she had no idea that an act of kindness would soon be coming her way.
South Africa’s Strategic Fuel Fund is welcome to bring in partners to help it execute a $1bn agreement to drill for oil and build a refinery and pipeline in South Sudan, the central African nation’s oil minister said.
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