Industry News

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02
Oct

Engen to list on the JSE next year – sources

Petroliam Nasional and its South African partners plan to conduct an initial public offering in their fuel retailer Engen to fund the upgrade of a refinery in the coastal city of Durban and to expand its network of gas stations. A yet to be decided amount of shares in the company, which is South Africa’s biggest fuel retailer, will likely be sold on the Johannesburg Stock Exchange in the first…

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02
Oct

PETROL: 95 OCTANE GOING UP, 93 WILL DROP!

MINERAL Resources and Energy Minister Gwede Mantashe said Mzansi should prepare for a fuel increase! From tomorrow, 95 octane petrol will increase by 18 cents, while 93 octane petrol will decrease by 4c a litre. Diesel and paraffin are each set to go up by 25 cents a litre, on Wednesday. Mantashe said the main reason for the fuel increase are higher oil prices and the attack on Saudi Arabian oil…

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02
Oct

Petrol price of 95 goes up, while 93 dips

he price of 95 octane petrol will go up by 18 cents a litre, while 93 will cost 4 cent less a litre, the department of energy has confirmed. The price of 95 octane will be R16.21 c/l inland and R15.57 c/l along the coast. The October price adjustments will kick in on Wednesday October 2 and are in line with the expectations of the Automobile Association Subscribe to Fin24’s newsletter…

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02
Oct

Big jump in price expected for most grades of fuel in October – analysts

South Africans can expect to pay around 18-19 cents per litre more for 95 octane petrol in October, as higher global oil prices caused by an attack on a major Saudi oil installation filter through to the pockets of SA motorists, say analysts. The Automobile Association expects a jump of around 19 cents for 95 octane. The price for 93 octane petrol, on the other hand, is expected to decline slightly.…

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02
Oct

More painful petrol, diesel price hikes ahead

All hope of a fuel price cut in October is likely lost, according to the latest data from the Central Energy Fund (CEF). A strong rand rally at the start of September initially put the petrol price on track for a cut in the first week of October. But then an attack on a major oil facility in Saudi Arabia triggered a record one-day oil price surge. "The refinery strike was…

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