The wholesale diesel price looks set for a cut on Wednesday next week, but petrol may become pricier. Based on the latest oil and rand prices, the latest data from the Central Energy Fund shows that diesel prices could be lowered by 26c to 51c a litre, depending on the grade. Unleaded 95 petrol, however, may be hiked by around 60c. Fuel prices are determined by the price of oil…

Major oil powers led by Saudi Arabia announced a surprise production cut of more than one million barrels per day on Sunday, calling it a "precautionary" move aimed at stabilising the market. The reductions, on top of a Russian decision to extend a cut of 500,000 barrels per day, and despite US calls to increase production, risk stoking inflation and pressure to raise interest rates. Cuts by Saudi Arabia, Iraq,…

For more financial news, go to the News24 Business front page. The diesel price will be cut by over 73c a litre on Wednesday, with a marginal 1c decrease in 93 unleaded petrol, and a 2c increase in 95. The department of mineral resources and energy said diesel 0.05% sulphur will see a 73.58c decrease, while 0.005% sulphur will drop by 74.58c a litre. Fuel prices, which will be adjusted on Wednesday 5…

The diesel price will be cut by over 73c a litre on Wednesday, with a marginal 1c decrease in 93 petrol, and a 2c increase in 95 in Gauteng. The department of mineral resources and energy said diesel 0.05% sulphur will see a 73.58c decrease, while 0.005% sulphur will drop by 74.58c a litre. Fuel prices schedule for the different zones will be published later on Tuesday. Fuel prices, which…

With the rise in fuel prices showing no signs of abating, it seems like an appropriate time to ask ourselves: are our cars not efficient enough? Europe has decided to ban the production of new combustion engine-powered vehicles by 2035, but most passenger vehicles currently on roads in France and across the globe still fall under this category. Their engines operate by burning petrol or diesel fuel and converting the resulting…