The decision by the Western Cape provincial government to consider introducing a provincial fuel levy has been opposed by various organisations, including the ANC. It emerged last week that the provincial government was considering introducing a fuel levy over and above the national levy that motorists must pay. Finance MEC Ivan Meyer said the province had employed consultants to consider the viability of a provincial fuel levy. The provincial government…

Former energy minister Tina Joemat-Pettersson and the then CEO of the Strategic Fuel Fund (SFF) Sibusiso Gamede have been named in court papers as the people at the centre of one of the biggest heists of state assets — the secret sale 10-million barrels of strategic fuel reserves in 2015. The Central Energy Fund (CEF) and its SFF subsidiary have approached the High Court in Cape Town to have the…

Johannesburg - Although basic fuel prices are showing signs of further decreases at month end, the overall price of fuel is set to increase because of the addition of increased fuel levies in April. This is according to the Automobile Association (AA), which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund. The AA says: "The Rand/US dollar exchange rate has been virtually flat since…

Johannesburg - Although basic fuel prices are showing signs of further decreases at month end, the overall price of fuel is set to increase because of the addition of increased fuel levies in April. This is according to the Automobile Association (AA), which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund. The AA says: "The Rand/US dollar exchange rate has been virtually flat since…

Chinese oil giant Sinopec has won regulatory approval for its $900m bid for SA’s second-largest oil company, Chevron SA— but it could still be trumped by a rival bid from Chevron SA’s empowerment shareholders, who are backed by Glencore. The Competition Tribunal on Friday gave the go-ahead to the Sinopec deal, after Sinopec agreed to a couple of extra conditions in response to complaints by Chevron SA’s branded marketers. The…

More than a third (37%) of South African motorists say they will still choose diesel vehicles, despite studies which show that thousands die prematurely as a result of diesel engines exceeding their stated emissions standards. This is one of the findings in a recent survey by the Automobile Association (AA). The survey also found that 56% of respondents preferred diesel over petrol engines‚ with only 4% stating that knowing of…

Motorists will pay less for petrol at the pumps from Wednesday, thanks to the rand’s performance against the dollar over the past month, the Department of Energy said. Petrol will drop by 36 cents a litre, while diesel will decline by between 44 cents and 47 cents per litre. The department said that illuminating paraffin will decrease between 23 cents and 30 cents while liquefied petroleum gas will drop by…