The petrol price is to come down by 55 cents a litre, the Energy Department said on Friday. The price of 0.05% sulphur diesel and that of 0.005% sulphur diesel will decrease by 24.82 cents. The wholesale price of illuminating paraffin is set to go down by 21 cents and a litre of illuminating paraffin is set to decrease by 28 cents. There will also be a 99 cents per kilogram decrease in the maximum retail price for LPGAS. The prices will come into effect next Wednesday. A litre of … [Read more...] about 55 Cents Decrease in Petrol Price
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Petroleum Strike Ends
The strike in the petroleum sector has ended, with unions having accepted an 8.5 percent wage increase. "The strike has been settled with an 8.5 percent increase across the board for workers," Chemical, Energy, Paper, Printing, Wood and Allied Workers (Ceppwawu) national policy coordinator, John Appolis, said on Thursday. According to Appolis, workers will get a month salary of R4 400 from R4 000. Pregnant women will also get maternity leave. The increment is backdated to 1 … [Read more...] about Petroleum Strike Ends
Panic Buying of Fuel Doing More Harm Than Good
With over 100 petrol stations running dry, the Fuel Retailers' Association (FRA) says panic buying is not helping the supply chain. "We are awaiting information but filling stations are running dry. There were about 155 stations in Gauteng that were dry and we had information yesterday that 50 petrol stations in KwaZulu-Natal were dry," said FRA CEO, Reggie Sibiya, on Thursday. He said it was possible that refineries had underplayed figures. The FRA is a registered employers' … [Read more...] about Panic Buying of Fuel Doing More Harm Than Good
US Oil Prices Breaks $100 Barrier
The US oil price rose on Wednesday and settled for the first time above $100 since September 2008, as unrest in Libya continued and US crude inventories dropped. On Wednesday, airstrikes took place close to the oil fields in Libya - sparking further fears among investors and traders that the supply disruption of this OPEC member state would continue. Libya's National Oil Corporation Chairman Shokri Ghanem estimated that Libya's oil output has been reduced to 700 000 from 750 000 barrels … [Read more...] about US Oil Prices Breaks $100 Barrier
You Will Pay More for Fuel in February
Motorists will be disappointed to learn that a litre of petrol will rise by 26 cents across all grades next Wednesday. The Energy Department announced on Friday that motorists will have to dig deeper into their pockets when the petrol price rises to R8.99 a litre in Gauteng and R8.75 in the coast. The wholesale price of diesel with 0.05 percent sulphur content will rise by 30 cents per litre, while diesel with 0.005 percent sulphur content would increase in price by 32 cents a … [Read more...] about You Will Pay More for Fuel in February
