A rallying oil price, combined with a weaker rand, will result in a sharp hike in fuel prices on Wednesday this week. Petrol (both 93 and 95) will see an increase of R1.21 a litre, while the price of diesel (0.05% and 0.005% sulphur) will rise by 148.2c a litre. The wholesale price of illuminating paraffin will be hiked by R1.45 a litre, the department of mineral resources and energy (DMRE)…

The last record seen at UK pumps was in 2012.  The increase is in part due to a higher ethanol content in unleaded petrol - but the bulk of the price paid by consumers is tax. Brits are not alone: petrol prices have also broken records in France and Germany, while the AA recently warned a "catastrophic" fuel price hike was on the cards in SA. The price of petrol…

Core inflation figures released this week paint a dire picture of an economy in a deepening crisis. Coming in at 5%, moving to the upper end of the SA Reserve Bank’s 3% to 6% target range, consumer price inflation signals a clear prospect of a looming rise in interest rates to stem the increase. This, in turn, will put more pressure on cash-strapped consumers to meet not only their debt…

Analysts expect South Africa’s September consumer price inflation (CPI) to accelerate to either 5% or 5.1% from the 4.9% August inflation rate. FNB economist Siphamandla Mkhwanazi said the bank expects inflation to rise to 5.1%, an increase of 0.4% month-on-month. Nedbank economist Tachin Ramnath and Tshepo Moloi, economist at the Bureau for Economic Research, said their forecasts show respective CPI increases of 0.3% and 0.2% month-on-month for September, taking the…

Food distribution in Tigray has been hamstrung by fuel shortages. The UN says famine threatens the population. 14 fuel trucks are stranded in the Afar region. Fuel shortages have forced some aid groups to suspend food distribution in Ethiopia's war-hit Tigray region, where famine stalks hundreds of thousands of people, the UN said. Some 14 fuel trucks are stranded in Afar region, home to the only viable land route into…

Are you ready to pay almost R20 per litre of fuel? AA predicts rapid rise of fuel cost to continue unabated. Petrol price has risen by 30 per cent in the past 11 months in SA. For motoring news, go to Wheels24 South Africans must brace for impact at the end of October as the country is set to experience record-breaking highs at fuel pumps when it comes time to fill…

A "catastrophic" fuel price hike is on the cards for November, the Automobile Association has warned. Based on its calculations, R20 per litre for petrol was "realistic" before the end of the year, it said in a statement on its website on Monday. The AA does not regulate or adjust fuel prices in SA, but it publishes two fuel price outlooks per month. Fuel prices are officially calculated and adjusted…

Motorists should brace themselves for yet another fuel price hike at the end of October for November, according to the current data prediction. This is according to the Automobile Association (AA) which was commenting on recent exchange rate and commodities data. According to the AA, the current picture shows petrol up by 99 cents a litre, and diesel and illuminating paraffin higher by a whopping R1.42 a litre. The association…

Turning bales of straw into ethanol is about to become a highly profitable venture in Europe, according to a firm that just opened a production site in the continent. Clariant, a Swiss chemicals maker, just opened a facility in Romania to make so-called advanced biofuels, which use agricultural waste or non-edible crops to make fuels that can be blended into gasoline and diesel. That’s environmentally better than so-called first-generation ethanol currently on…

Two minority shareholders at Sasol have filed a second resolution calling for the chemicals and energy company to improve its disclosure of climate lobbying. Climate lobbying involves firms trying to block regulations that would otherwise avert a climate crisis - either directly or through their trade associations. Nonprofit shareholder activism organisation Just Share and Aeon Investment Management had previously co-filed a resolution requiring that energy and chemicals company Sasol outline its climate…