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05
Oct

Petrol drops by up to 30 cents, diesel by 90 cents from Wednesday

South African motorists can expect a fuel price decrease from Tuesday, following the department of mineral resources and energy’s Sunday announcement on the monthly price adjustments for October. According to the department, 93 ULP and LRP petrol will fall by 23 c/l, while 95 ULP and LRP will decrease by 32 c/l. The price adjustments are: Petrol (both 93 ULP and LRP): 23.00 c/l decrease; Petrol (both 95 ULP and LRP):…

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01
Oct

EXPLAINER | Where is the govt in its fight to reverse R5bn sale of strategic crude oil reserves?

The Central Energy Fund (CEF) is seeking to overturn the sale of 10.3 million barrels of the country's strategic crude oil reserves in 2015.  The sale occurred during the tenure of former mineral resources minister, Tina Joemat-Pettersson, who said it was sold as part of "stock rotation".  News24 look's at what led to the sale and on what grounds the CEF wants it to be overturned. South Africa's Central Energy…

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