Industry News

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31
Aug

Toxic leaded fuel production finally ends worldwide as last refinery shuts down

Production of leaded gasoline has ended worldwide now that the last refinery has exhausted its supply of the fuel that’s been poisoning the air for almost a century. The end of the toxic fuel follows intense diplomatic efforts by the U.S. and the United Nations over the past two decades, the UN’s Environment Programme said in a statement. The global ban will prevent about a million premature deaths annually from…

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30
Aug

Petrol and diesel prices set for a cut next month

The latest calculations by the Central Energy Fund show that – at the current levels of the rand-dollar exchange rate and oil prices – diesel and fuel prices may be cut in September. Currently, 95 unleaded petrol looks set for a cut of 11c a litre, while 93 petrol may be lowered by almost 15c and diesel looks due for a 24c decline. Paraffin may be lowered by almost 16c. There is…

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30
Aug

How to avoid filling your car’s tank with the wrong type of fuel

Misfuelling is a common occurrence. • Black and green handles at petrol stations indicate diesel and petrol, respectively. • Components like the fuel pump, injector, filters, and fuel tank can be affected when the wrong fuel is added to a vehicle. • For more motoring stories, visit Wheels24. It seems like an unfathomable concept, but the possibility exists for someone to have the incorrect type of fuel thrown into their diesel or petrol-powered vehicle.…

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25
Aug

Lebanon leaders reach short-term compromise on fuel

Lebanese leaders agreed to a short-term compromise to maintain fuel subsidies on Saturday, the presidency and prime minister's office said, in a move set to trigger more price hikes. Earlier this month, the central bank said it could no longer support fuel imports at a preferential exchange rate, in what many saw as a de facto end to subsidies. Widespread panic ensued, with distributors scaling back deliveries until new prices…

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23
Aug

Lebanon leaders reach short-term compromise on fuel

Lebanese leaders agreed to a short-term compromise to maintain fuel subsidies on Saturday, the presidency and prime minister's office said, in a move set to trigger more price hikes. Earlier this month, the central bank said it could no longer support fuel imports at a preferential exchange rate, in what many saw as a de facto end to subsidies. Widespread panic ensued, with distributors scaling back deliveries until new prices…

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18
Aug

Mixed relief for SA motorists as fuel prices for September see slight adjustments

Fuel prices will see another adjustment at the end of August 2021. • It's predicted that diesel will decrease by around 16c/litre. • The changes in local fuel prices are due to declines in international petroleum prices. • For more motoring stories, visit Wheels24 Reporting on unaudited mid-month fuel price data released by the Central Energy Fund, the Automobile Association (AA) notes that the price per litre for petrol and diesel could see modest…

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18
Aug

Fuel prices may dip in September if oil downtrend continues

The latest calculations by the Central Energy Fund show that – at the current levels of the dollar-rand rate and oil prices – diesel prices may be cut slightly in September, while petrol could be hiked. According to the Automobile Association (AA), the petrol price could increase by around 4c a litre, while diesel may be cut by 16c and illuminating paraffin by 10c. Petrol and diesel prices are largely…

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02
Aug

US oil giants to keep a lid on spending even as profits surge

US oil giants ExxonMobil and Chevron reported strong profits on Friday riding a wave of higher prices amid recovering demand, but pledged to keep a lid on spending. The results marked a 180-degree reversal from this time last year when the companies suffered hefty losses amid heavy pandemic restrictions that crimped economic activity and halted travel. "Positive momentum continued during the second quarter across all of our businesses as the…

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02
Aug

Steep fuel prices announced for this week

The petrol price will increase by 91 cents per litre (c/l) in August, the Department of Mineral Resources and Energy (DMRE) said. The DMRE on Saturday issued a statement indicating steep fuel hikes next month - among the main drivers include an increase in the Brent crude oil price from $73 per barrel to $74 per barrel, as well as an increase in international petroleum product prices, depreciation of the…

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02
Aug

Another big jump in fuel prices on the cards in August

Consumers can expect a hefty increase on all fuel types in August due to an increase in import prices, the Automobile Association said on Friday. The AA – which does not itself regulate fuel prices – said it expected a jump of around 83 cents a litre higher for petrol, 48 cents a litre for diesel, and 48 cents for illuminating paraffin. Its comments come on the back of the…

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