oil prices

  1. Hanno Labuschagne

    Oil price surges to 4-year record

    Oil price surges to 4-year record Oil surged to the highest since June 2022, with no end in sight to the US-Iran conflict or choked-off energy flows through the Strait of Hormuz, heightening concerns over a rapidly shrinking global supply cushion. Brent, the global benchmark, rose more than 7%...
  2. Hanno Labuschagne

    IEA provides fuel restrictions guidelines to homes, businesses, and governments

    IEA provides fuel restrictions guidelines to homes, businesses, and governments People in South Africa can use several methods to mitigate the economic impact of the ongoing fuel crisis, according to new advice from the International Energy Agency (IEA). The IEA has set out a range of...
  3. Hanno Labuschagne

    Hilux and Ranger drivers in for big pain in April

    Hilux and Ranger drivers in for big pain in April South Africans driving large diesel-powered vehicles, including some of the country's top-selling bakkies and SUVs, could pay up to R691 more on a tank of fuel from next month. That is based on the prices of products in South Africa's petroleum...
  4. Hanno Labuschagne

    Sasol is rocking

    Sasol is rocking Sasol, one of South Africa’s most iconic companies, saw its market cap increase from R81 billion to R135 billion in three weeks. This is mainly due to the conflict in the Middle East, which drove oil prices from around $65 per barrel to over $100 per barrel in two weeks.
  5. Hanno Labuschagne

    Easter Weekend petrol price pain in South Africa

    Easter Weekend petrol price pain in South Africa South Africans planning to travel long distances over the coming Easter Weekend should prepare to spend substantially more to cover some of the country's most popular routes. In 2026, the long weekend will run from Friday, 3 April to Monday, 6...
  6. Hanno Labuschagne

    Oman, South Africa's largest single source of refined petroleum, evacuates key export port

    Oman, South Africa's largest single source of refined petroleum, evacuates key export port Oman’s key oil export terminal was evacuated, and two crude tankers were hit in Iraqi waters, as risks to global energy supply from the Middle East war deepened. Ships were ordered to leave the port of...
  7. Hanno Labuschagne

    Early data shows petrol and diesel price disaster in April

    Early data shows petrol and diesel price disaster in April Early fuel price review data suggests significant increases are looming for petrol and diesel prices in South Africa in April 2026. South Africa's fuel prices are adjusted on the first Wednesday of each month based on the cost of...
  8. Hanno Labuschagne

    Brace for petrol price hikes

    Brace for petrol price hikes An escalation in the conflict in the Middle East could substantially increase petrol prices in South Africa over the next few months. Israel's recent attacks on Iran, which it described as "preventative" actions to disrupt the latter's nuclear weapons development...
  9. Hanno Labuschagne

    How much more you are coughing up per tank of petrol — 2013 vs 2023

    How much more you are coughing up per tank of petrol — 2013 vs 2023 South African motorists are paying as much as R990.40 more to fill their tank in October 2023 than they were 10 years ago. While the government's taxes on a litre of fuel are partially to blame, the most significant increases...
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