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…

In 2019, BP was convicted of environmental crimes in South Africa. A court is still trying to figure out how much to fine it. Now that court wants to see its books, including details of its advertising spend. BP sold fuel based on the perception that it was a good green citizen, the court says. The amount of money it spent claiming that credit – while failing to properly assess…

Get the biggest business stories emailed to you every weekday, or go to the News24 Business front page. The price of 95 unleaded petrol will be lowered by R1.02 a litre on Wednesday, while 93 petrol will be 89c cheaper, the Department of Mineral Resources and Energy announced on Monday. This will lower the price of 95 petrol in Gauteng to R23.36 litre, from a record high of R26.74 in July. Petrol cost only R19.61…

Almost mid-way through the month, the latest data from the Central Energy Fund show that petrol prices may be cut in the first week of October. However, diesel is on track for a price hike. Based on the latest data, the price of 95 unleaded petrol is expected to fall by around R1.45 a litre. At current levels, the 95 petrol price in Johannesburg could move below R22 a litre in…

Unfortunately, reining in costs isn't simply a matter of "doing something" - and usually, using fuel more sparingly is the only way they can reliably save, writes Professor Jannie Rossouw. Get the biggest business stories emailed to you every weekday or go to the Fin24 front page. Buying fuel is a grudge purchase, as most consumers have no other options in the matter. Fully electric vehicles are the only exception and other vehicles require fuel. Consumers…

Get the biggest business stories emailed to you every weekday, or go to the Fin24 front page. The European Commission wants to require fossil fuel companies benefiting from soaring energy prices to make a financial contribution to help citizens and industries grappling with rocketing energy costs, according to a draft document seen by Reuters. The draft proposal, details of which are expected to be unveiled by Brussels this week, would see European Union countries introduce a 'solidarity…