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The department of mineral and petroleum resources has encouraged members of the public to continue purchasing fuel as usual

‘No need for fuel panic-buying’, government and industry leaders say

The department of mineral and petroleum resources has encouraged members of the public to continue purchasing fuel as usual and to rely on government communication for accurate…

Invest: Nigerian billionaire Aliko Dangote met Zimbabwean President
Emmerson Mnangagwa to discuss business prospects.

Nigeria’s Dangote offers Zimbabwe hope

But ordinary Zimbabweans driven to cynicism after years of state corruption under the ruling Zanu-PF party are pessimistic

Aliko Dangote, Africa’s wealthiest entrepreneur and founder of the Dangote Group  met with Zimbabwe President Emmerson D. Mnangagwa at the State House to discuss significant investment prospects in cement production, coal mining, and power generation.  (ZanuPFOfficial/X)

Dangote plans transnational pipeline across Southern Africa

The project could change the production structure of Zimbabwe, with fuel landing at a lesser cost

The department of mineral and petroleum resources has confirmed that petrol will increase by R3.27 a litre, while diesel will increase by R6.19a litre, depending on the sulphur grade

Petrol price to fall by 28 cents from 6 August, diesel to rise

From Wednesday, 95-grade unleaded petrol will cost R21.59 per litre in Gauteng and R20.76 in coastal areas

Diesel is used to power machinery, as well as in car and truck engines.

Which diesel gets the best grades?

We take a look at the three kinds available in South Africa and their pros and cons

Former Transnet chief financial officer Anoj Singh. (Photo by Papi Morake/Gallo Images via Getty Images)

Former Eskom executive and corruption suspect Anoj Singh ‘defrauded of R13.9 million’

Mahendren Munsamy, accused of stealing R420 million from FNB and Sasol, allegedly also stole from Singh

The largest annual growth in December was recorded in new vehicle sales, up 30.7%,
StatsSA said. Photo: Supplied

More people bought cars in December 2022 than a year before

Motor trade sales increased by 16.6% in December with the biggest contributors being new vehicle sales, fuel sales and workshop income

The department of mineral and petroleum resources has confirmed that petrol will increase by R3.27 a litre, while diesel will increase by R6.19a litre, depending on the sulphur grade

Petrol and diesel prices going up from Wednesday

The reopening of the Chinese economy has prompted a large demand for oil, pushing domestic fuel prices higher

The fuel shortage in Malawi began a month ago, driven by an acute shortage of foreign currency that meant fuel couldn’t be imported.

Dearth of foreign currency drives Malawi’s fuel shortage

With its tobacco dollars going up in smoke, the country is struggling to keep its petrol-starved cars on the road

People’s power: Voters wait at a polling station outside the hostels in Umlazi, Durban. Voting remains critical to bring about the change desired. Photo: Marco Longari/AFP

South Africans, don’t agonise, take action

If we want a better country then we need to stop spouting slogans, organise and work together

Demonstrators march during a national strike day of action over the high cost of living, organised by the Congress of South African Trade Unions (COSATU), in Tshwane, South Africa, on Wednesday, Aug. 24, 2022. Joblessness, rising food and fuel prices and an aggressive interest-rate hiking cycle pose a threat to social stability in an economy still reeling from several Covid-19 lockdowns and deadly riots in 2021. Photographer: Waldo Swiegers/Bloomberg via Getty Images

Brace yourselves: Government’s hands are tied in alleviating pressure on households in short term

There is a limit to what the government can do in terms of subsidies, given the fiscal situation, say experts

The department of mineral resources and energy said the new fuel prices would come into effect on Wednesday. (Waldo Swiegers/Bloomberg via Getty Images)

Government extends R1.50 general fuel levy reprieve, but also announces steep price increases from June 1

The retail price of petrol will rise by up to R2.43 a litre from Wednesday

At midnight the price of petrol 93 (ULP & LRP) will decrease by 58 cents a litre and the price of petrol 95 (ULP &LRP) will drop 72.00c/l. (File photo)

Petrol industry association warns of steep fuel hikes unless government extends levy reprieve

Petrol industry association warns of steep fuel hikes unless government extends levy reprieve

The South African Petroleum Refineries, which boasted 35% of the country’s crude oil-refining capacity, announced that production had stopped at the end of March. Photo: ALEXANDER JOE/AFP via Getty Images)

Africa low on refineries, including oil-producer Nigeria

Because of their lack of oil refineries, African countries become vulnerable to fluctuations on global markets

Despite its status as the world’s largest humanitarian disaster, the international community has largely failed to respond in a meaningful way to the carnage. (Photo by Daniel LEAL / AFP) (Photo by DANIEL LEAL/AFP via Getty Images)

Putin’s war in Ukraine enriches some Africans

Miners of rare metals will score but the soaring oil price will result in various cost-of-living increases

The department of mineral and petroleum resources has confirmed that petrol will increase by R3.27 a litre, while diesel will increase by R6.19a litre, depending on the sulphur grade

Petrol jumps over R20 a litre inland

Ahead of travel season, Wednesday’s fuel price hike will push the price of petrol – around R19.50 a litre – to above R20 in Gauteng and other inland provinces

Motorists can expect relief at the fuel pumps in October, with the price of all grades of petrol and diesel set to decrease from Wednesday

Petrol, power price hikes hit South Africa hard

Households are reeling after the fuel price hike, as electricity is set to go up by 15.06% in 2022

The Reserve Bank has maintained the repo — at which it lends to commercial banks — steady at 8.25% for five consecutive meetings, since hiking it by 50 basis points in May 2023.

South Africa at risk of spillover from international inflation, economists say

Higher international oil prices, for example, could affect local transport costs through second-round effects

Sars commissioner Edward Kieswetter aid the weakening of the revenue institution has affected its ability to collect tax adequately. (David Harrison/M&G)

Sars expects to collect less revenue for the year

The revenue service is expecting another year of tax undercollection thanks to weak economic growth and strained consumers.

All articles in this week’s M&G are free to read.

Read the unembargoed March 15 – 21 edition of the M&G

Corruption pays: The multimillionaire who sold off SA’s fuel reserves, and Fired PIC exec ‘lied’ about VBS bank bribes