From 7 January, 93-grade unleaded petrol will decrease by 62 cents a litre while 95-grade petrol will cost 66 cents less
From Wednesday, 95-grade unleaded petrol will cost R21.59 per litre in Gauteng and R20.76 in coastal areas
The mineral and petroleum resources department attributed this to a lower average Brent crude oil price and firmer rand during the period under review
From a promising start to a timid end, this year’s Conference of the Parties hasn’t delivered enough This content is restricted to registered users and subscribers. Get Your Free…
But prices are expected to remain higher for longer in the wake of a tighter oil market
‘The worst is yet to come,’ the IMF said about the global economy this week. But, for now at least, South Africa’s inflation looks to be subsiding
Ahead of travel season, Wednesday’s fuel price hike will push the price of petrol – around R19.50 a litre – to above R20 in Gauteng and other inland provinces
The breakdown of the oil-producer alliance could cause already high prices to spike
Here’s our round-up of the outlook for electricity, taxes, fuel, wages and the economy
OPEC members and other oil-producing countries gather in Vienna on Thursday to discuss cutting output to prop up prices
The decision was ‘technical and strategic’ and had ‘nothing to do with the ‘blockade’, says Energy Minister Saad al-Kaabi
The petrol price could drop by about R1.50 a litre, if not more, in December
Rising oil prices can push up inflation, but first, they translate into rising revenues and profits for energy majors and producer nations
A rapid price hike will result in South Africans paying more for food and transport.
Oil’s recovery from a six-year low has slowed amid speculation that global production will expand as prices rebound, prolonging a surplus.
Opec crude oil output has risen to its highest level in almost four years but the US shale boom is showing signs of slowing.
The energy firm’s largest investment in the United States is likely to be in jeopardy if the current conditions prevail.
The oil cartel believed it could help production. Instead, it ended up hurting itself, energy stocks, commodities and other economies.
Indonesia’s parliament voted on Saturday to give the government authority to raise subsidised fuel prices under certain conditions.
Oil price soars as Iran, Opec’s second-highest producer, halts exports to British and French companies.
