Petrol prices look set to rise by 23c a litre, and diesel by 38c in July, the AA says. Oil prices have rallied to the highest levels since 2018 amid expectations that global demand may return to pre-pandemic levels sooner than expected.  The rand's "alarming" slump over the past two weeks could bring more bad news. South Africans will face fuel price hikes in July. Using current information from the…

Unleaded 95 petrol may be hiked by 14c a litre, while unleaded 93 could rise by up to 18c and diesel prices could be more than 34c higher.  Oil prices have rallied to the highest levels since 2018 amid expectations that global demand may return to pre-pandemic levels sooner than expected.  There is still some time for July fuel prices to change, as oil and the rand fluctuate. South Africans…

Demand for oil has crawled its way back from the biggest collapse in history. The oil producing countries in the OPEC+ group have done a great job at managing oil supplies. As always, there are those who haven't done all they pledged. The oil market is rapidly shifting from a period of over-supply during the height of the pandemic to one of potential shortage. Producers who managed the slump now…

Oil traded above $71 a barrel as some of the most prominent voices in the market said they expect prices to continue to rise. West Texas Intermediate was 1% higher, earlier touching its highest level intraday since 2018. Despite a bumper rally this year, traders Glencore Plc and Vitol Group still see at least some further gains in oil. Those views came at the FT Commodities Global summit, where opinions…

Global oil demand is set to return to pre-pandemic levels in 2022, the International Energy Agency said. Covid-19 will keep impacting demand due to continued outbreaks, unequal vaccination levels and societal shifts. Accelerating production in the US and OPEC+ countries will boost supply in 2022, the IEA said. For more stories, go to www.BusinessInsider.co.za. Global oil demand is set to return to pre-pandemic levels by the end of 2022, but renewed…

South Africans could be due another small petrol price cut in the first week of July – but that could be wiped out if the oil price continues its current run. With more than two weeks still to go before the July fuel prices are fixed, the Automobile Association (AA) released its mid-month fuel price forecast on Tuesday, based on information from the Central Energy Fund. Petrol and diesel prices…

Constantly driving with the fuel needle in the reserve or below quarter mark can put strain and result in premature wear of the fuel pump. • The main purpose of the pump is to deliver fuel to the engine. • A loss in power, decreased fuel efficiency or a stalling engine are all signs of a failing pump. • For more motoring stories, visit Wheels24. There are two types of drivers - those that…