After jumps in the price of petrol and diesel, the AA expects a big drop next month
The probe comes in the wake of the diesel emissions-cheating scandal that rocked Volkswagen and then spread to nearly all the major auto companies
Consumers accuse the 12-brand group of deliberately harming clients by installing software to make cars appear less polluting than they really were
Tuesday’s fine comes on top of total costs in fines, buybacks and refits of more than 27 billion euros that Volkswagen has had to pay
Rupert Stadler was arrested in June a week after Munich police raided his home over charges of fraud
The court is examining whether the auto giant should have informed investors sooner about ‘defeat devices’ it built into 11 million cars worldwide
The first major court case against Volkswagen over its cheating of emissions tests on 11 million diesel vehicles worldwide begins on Monday
The Automobile Association expects that petrol will increase by between 23c and 25c a litre
Cars that are no longer able to meet emission standards are being exported to Africa
The Department of Energy announced on Monday that the price of both grades of petrol would increase by 1c a litre from Wednesday
A day after prosecutors arrested Audi boss Rupert Stadler, the German carmaker announced that it had named a new interim chief
Rupert Stadler was arrested on Monday after prosecutors feared that he might attempt to destroy evidence
If the suspicions are confirmed, Daimler will be the next giant German automaker dragged into the diesel emissions cheating scandal
The power utility’s use of open cycle gas turbines has spiked in recent months, with fuel spend on these peaking power stations soaring almost 30 fold
The latest decrease in petrol prices comes on the back of a sterling rand performance against the dollar.
The high cost of Eskom using diesel turbines to provide electricity has to be weighed against the cost of load-shedding to the economy.
Since 2008 when wet coal led to the country’s mines being shut down, it has been clear that the country has been in an energy crisis.
The Johannesburg Stock Exchange has introduced contracts that allow investors to protect against changes in diesel prices.
The price of all grades of petrol will increase by 39 cents, and all grades of diesel by 24.2 cents a litre on Wednesday, says the energy department.
Kenya’s energy regulator had to raise its retail price of petrol and diesel due to a weaker local currency and rising global oil prices.
The retail price of all grades of petrol will increase by 41 cents per litre, says the department of energy.
Refiners in South Africa are seeking nearly 80 000 tonnes of diesel for delivery in January through spot tenders issued late last week.
A little too late to benefit most motorists returning from their end-of-year holidays, the price of petrol and diesel is to drop next week.
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/ 27 February 2009
The retail price of all grades of petrol will rise by 45 cents a litre on Wednesday next week, the Department of Minerals and Energy said on Friday.