For more finance news, go to the News24 Business front page. On Wednesday, the price of unleaded petrol (both 93 and 95), will increase by 51c a litre, while diesel will rise by R1.43 a litre. This will push the Gauteng price of diesel to R25.49 a litre - a new record high. A year ago, Gauteng's diesel price stood at around R17.20 per litre. In Gauteng, 95 petrol will cost R22.87 a…

For more financial news, go to the News24 Business front page. The Department of Mineral Resources and Energy (DMRE) has insisted there is no imminent shortage of liquid fuel in the country. A statement from the department was published in response to comments made by the Liquid Fuel Wholesale Association, as published by Independent Media's Business Report and other, that warned fuel-shedding could become a reality if strategic stocks are not built up in…

The Hawks seized five luxury vehicles among other items during a search operation at the premises of the alleged fuel theft kingpin in Witbank, Mpumalanga. Spokesperson Philani Nkwalase said the value of the vehicles and cash seized had not been determined. The alleged kingpin will appear in the Vrede Magistrate's Court on Friday after authorities have compiled evidence to include in the court docket. The Hawks raided the premises of…

Get the biggest business stories emailed to you every weekday, or go to the News24 Business front page. Shares of chemicals and energy group Sasol slumped almost 7% on Thursday, after it said it is still assessing the impact of the recent strike at Transnet, where unions recently reached a wage settlement, as well as counting the costs of a fire at the alcohol unit at its Lake Charles project in the US. A wage dispute…

The economic uncertainty brought about by global factors has had a significant impact on South African households. One of the results of this economic uncertainty is the impact it has had on global oil prices and subsequently, the price that consumers pay to put fuel in their vehicles or buy paraffin for household use. Fuel is an essential part of our daily lives which enables us to commute daily, travel…

Get the biggest business stories emailed to you every weekday, or go to the News24 Business front page. The time for talking is over, French Finance Minister Bruno Le Maire said on Monday, as the government ordered more fuel depot staff back to work to try to restore petrol supplies that have been disrupted by strikes for weeks. The government said it had requisitioned six workers at a TotalEnergies depot in Dunkirk, northern France, and…

The Automobile Association of South Africa (AA) has issued a warning to motorists and consumers to brace themselves for more expensive fuel in November. This is as mid-month data from the Central Energy Fund shows increases to all fuels are likely in the new month. Higher on average international oil prices and, to a lesser extent, the weaker Rand are the main contributors to the expected increases. “The current data…

Get the biggest business stories emailed to you every weekday, or go to the News24 Business front page. With two weeks left before November's fuel prices are fixed, the latest information from the Central Energy Fund (CEF) shows that diesel and petrol prices currently look set for increases. Based on the latest data, diesel prices are on track for a hike of R1.58 to R1.61 a litre. This would push the Gauteng price of diesel…

For more stories, go to the News24 Business front page. The French government moved to break blockades at fuel depots of some of the country’s biggest refineries, where weeks-long strikes have brought shortages and long lines at fuel stations. With wage talks between managements and some unions not going far enough, the labour actions have left almost a third of the fuel stations in the country with supply shortfalls. Prime Minister Elisabeth Borne said…

For more stories, go to the News24 Business front page. The French government moved to break blockades at fuel depots of some of the country’s biggest refineries, where weeks-long strikes have brought shortages and long lines at fuel stations. With wage talks between managements and some unions not going far enough, the labour actions have left almost a third of the fuel stations in the country with supply shortfalls. Prime Minister Elisabeth Borne said…