Industry News

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05
Jun

Petrol price to jump by 9 cents per litre at midnight

Petrol will be increasing by 9 cents per litre from midnight, according to the Department of Energy. This will apply to both grades of petrol, namely 93 and 95, or ULP and LRP, and applies to its retail price. Diesel's wholesale price will be increasing by 33 cents per litre, while illuminating paraffin will be increasing by 8 cents per litre wholesale. The single maximum national retail price for illuminating…

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04
Jun

Shell has exciting plans for Nkosikho Mbele – the petrol attendant who went the extra mile

Cape Town petrol attendant went the extra mile when he helped a customer who forgot her bank card at home. He should prepare to travel many more miles, as Shell has exciting overseas plans for him. The company told News24 on Tuesday that it had nominated Mbele to represent South Africa at the next Shell Global Service Excellence Awards, which would take place at an international location next year. He…

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03
Jun

Petrol attendant pays for woman’s fuel: ‘I knew it was the right thing to do’

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. Monet van Deventer, an account manager, was on her way to Cape Town from her home on Thursday 30 May when she realised her car was running low on petrol. The 21-year-old then decided to stop at the Shell…

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03
Jun

The Carbon Tax Act is here – what SA motorists should be doing

s of 1 June, the Carbon Tax Act and the Customs and Excise Amendment Act will be effective. The Customs and Excise Amendment Act primarily deals with administrative issues surrounding the implementation of the new carbon tax. So, what does this mean for motorists? Jakkie Olivier, CEO of the Retail Motor Industry Organisation (RMI), says the carbon emissions taxing is undoubtedly a method to curb unscrupulous operators from paying no…

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03
Jun

Producer inflation rises to 6.5% in April on higher fuel prices

The annual rate of producer price inflation for final manufactured goods rose to 6.5% in April, up from 6.2% in March, according to Stats SA. This was above the expectations of most economists. Ahead of the announcement, NKC African Economics projected a year-on-year increase of 6%. Subscribe to Fin24’s newsletter here The main contributor to the increase was higher fuel prices. The price of petrol rose by 12.5% in the past year…

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03
Jun

The heads of the world’s largest fossil-fuel companies are finally taking lower carbon emissions seriously — thanks to pushy investors

At its annual general meeting in May, 99% of BP's shareholders passed a resolution requiring the oil and gas giant to be transparent about how it's lowering carbon emissions each year. The request came from Climate Action 100+, a group of 338 institutional investors with more than $30 trillion (R437 trillion) in assets under management. Investors are pushing the world's largest fossil fuel companies, as well as the world's other…

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