According to the latest data from the Central Energy Fund, petrol and diesel prices currently look set for record increases in the first week of April, says the Automobile Association. Based on the... 

The Standard Bank Group has become the latest South African bank to confirm that it will no longer finance new coal-fired power plants or support the expansion of existing coal-fired power plants... 

National Treasury has revised its 2022 estimates for inflation owing to the war in Ukraine from 4.8%, which was the February projection, to between 5% and 5.5% - depending on how much the oil price... 

According to the latest data from the Central Energy Fund, petrol and diesel prices currently look set for large increases in the first week of April. Local fuel prices are determined by... 

Trade union Solidarity has drafted a Parliamentary petition and is running a campaign to try to pressure the government to deregulate the petrol price and lower fuel prices. It says the government... 

Mineral Resources and Energy Minister Gwede Mantashe says discussions are under way with Finance Minister Enoch Godongwana to review the pricing methodology for petrol. The minister made the... 

The conflict in Ukraine might be geographically far removed from South Africa, but its ripple effect might soon be felt by local consumers. If the Russian invasion of Ukraine - described by some as... 

There will be no increase in either the general fuel levy or the Road Accident Fund (RAF) levy in 2022/23. The National Treasury has, instead, turned its focus to providing an overall R5.2-billion... 

According to the latest data from the Central Energy Fund, the petrol price is currently set for a hike of around R1.25 a litre, while diesel could be increased by R1.29. Given the current outlook,... 

Mineral Resources and Energy Minister Gwede Mantashe confirmed on Tuesday that not all of the 11 Risk Mitigation Independent Power Producer Procurement Programme (RMIPPPP) preferred bidders would... 

Nigeria's Oando did not import poor quality petrol into the country, it said on Friday, in response to allegations by the state oil firm that it, along with three other firms, had supplied unusable... 

Shell and BP South African Petroleum Refineries (Sapref) announced on February 10 that it would freeze spending and pause refinery operations by the end of March. Established in 1963, Sapref was... 

Chemicals and energy multinational Sasol expects to report a 66% to 76% increase in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to between R30.9-billion and... 

Mineral Resources and Energy Minister Gwede Mantashe will hold a series of engagements with traditional leaders in the Eastern Cape province during February and March to discuss the latest... 

TotalEnergies and its partner China National Offshore Oil Corporation have reached a deal with Uganda and Tanzania to invest more than $10-billion in developing crude oil production in East Africa,... 

Oil and gas company TotalEnergies is expanding in Mozambique with the acquisition of oil and gas company BP’s retail network, wholesale fuel business and logistics assets, which are complementary... 

On Wednesday, the petrol price (both 93 and 95) will be hiked by 53c a litre, while diesel prices will increase by between 79c and 80c. Illuminating paraffin price will be hiked by R1.01 a litre,... 

Trade union Solidarity claims that mismanagement and a lack of political will at South African national oil company PetroSA are the main reasons for a second retrenchment process instituted within... 

JSE-listed African fuel and lubricants retailer Vivo Energy CFO Doug Lafferty has resigned to take up the position of CFO at Aston Martin Lagonda Group. He will, however, remain a director of Vivo... 

Consumers are getting some relief early in the new year with fuel prices set to fall on Wednesday. The Central Energy Fund (CEF) announced on Monday that the retail price of petrol (93) will be cut... 

Zambia has increased the price of fuel after removing subsidies on petroleum products to reflect the correct price of the commodity, the energy regulator said on Thursday. The pump price of petrol... 

Chemicals and energy group Sasol has announced a significant downward revision to its 2022 production forecast from its Secunda operations in Mpumalanga, owing to ongoing coal production problems.... 

Finance Minister Enoch Godongwana called for changes to the way the fuel price is calculated, after the cost of gasoline rose to a record this month. Regulated fuel prices, which include a levy... 

Afine Investments, which holds a portfolio of income generating immovable properties focused on the petroleum sector in South Africa, plans to list as a real estate investment trust (Reit) on the... 

Some motorists unwittingly paid 6c/litre more per litre of fuel than they should have on Wednesday morning. This was before the Department of Mineral Resources and Energy admitted that it had made... 

While the petrol price still went up on Wednesday, it was by 75c per litre, and not 81c as the department of mineral resources and energy incorrectly stated this week.  "The 6 cents difference is... 

The petrol price will be hiked by 81c a litre on Wednesday, while diesel will go up by between 72.5c a litre (0.05% sulphur) and 74.5c (0.005% sulphur), the department of mineral resources and... 

Trading giant Vitol Group agreed to buy Vivo Energy in a deal valuing the fuel retailer at about $2.3-billion. The deal will bring Vivo assets back in house for the oil trader, which sold shares in... 

JSE-listed energy multinational Vivo Energy has appointed Stanislas Mittelman as CEO designate. He will succeed CEO Christian Chammas, who will step down in 2022. 

South Africa’s petrole prices are set to rise to a record on Wednesday, adding to inflationary pressures in an economy that imports almost all of its fuel. The retail cost of 95-octane gasoline... 

South Africa is considering buying the country’s biggest oil refinery, a joint venture between Royal Dutch Shell and BP, known as Sapref. The State-owned Central Energy Fund (CEF), which manages... 

Nonprofit shareholder activism organisation JustShare on October 26 said petrochemicals company Sasol had refused to table the sixth shareholder-proposed resolution filed with the company in five... 

Investment management company Sakhumnotho has acquired a 26% stake in the privately owned petrochemicals company Refinex and bulk liquid storage company South African Tank Terminals (SATT). This... 

Sasol posted a 44% rise in first-quarter revenue in its main chemicals business on higher chemical and crude oil prices, it said on Thursday. Revenue from its chemicals business, which accounts for... 

A "catastrophic" fuel price hike is on the cards for November, the Automobile Association (AA) has warned. Based on its calculations, R20 per litre for petrol was "realistic" before the end of the...