Tag Archives: transport

Expected petrol price for May 2018

Sharp increases in the landed prices of fuels are set to hit motorists hard at the end of April, according to the Automobile Association (AA). “Petroleum prices were largely flat in the first week of April, but spiked sharply as tensions escalated in Syria,” the AA said, commenting on unaudited mid-month data released by the Central Energy Fund. “The Middle East lies near many of the world’s key oil producers, and petroleum prices have historically been sensitive to instability in the region.” The rand also weakened slightly against the US dollar in the first half of April, the AA said, […]

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Steep jump in petrol price from Wednesday

Cape Town – The price of petrol will increase by 67c a litre from next Wednesday, while the price of diesel will be 44c a litre more, the Department of Energy said on Sunday. Energy Minister Mamoloko Kubayi said the rand/US dollar exchange rate and the prices of petroleum products in the international markets are the main contributing factors for the September price hike. “The Rand depreciated, on average, against the US dollar during the period under review.” In addition, there was an increase in the crude oil prices coupled with a weaker rand, massive floods caused by the storm […]

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Largest white maize shipment from Mexico arrives

Yesterday saw the arrival in South Africa of the largest shipment of white maize for the season from Mexico, report online sources. “We have received 56 019 tonnes of white maize from Mexico, the largest shipment for the 2016/17 marketing season so far,” said Agricultural Business Chamber senior agricultural economist Wandile Sihlobo, quoted by Bloomberg. “The shipment would go a long way to helping South Africa meet its demand for white maize,” he said. The marketing season started at the beginning of April this year and will end on April 30 next year, according to the online news provider. White […]

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diesel increase set for Wednesday this week

The petrol and diesel price is set for another increase on Wednesday, following a 52 cent increase per litre in June.The Department of Energy announced in a statement that a litre of 93 unleaded petrol (ULP) and lead replacement petrol (LRP) would increase by 11 cents a litre and a litre of 95 ULP and LRP would increase by eight cents a litre. Transporters will pay an extra 42 cents for a litre of diesel (0.05% sulphur), while a litre of diesel (0.005% sulphur) will increase by 41 cents. Please follow and like us:

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Cost increases set to delay new truck acquisitions .

A 30c/l increase in the fuel levy, another rise in interest rates and new consignor/consignee legislation will all load more costs onto a transport industry that is already struggling to remain profitable, says Standard Bank business vehicle and asset finance head Toni Fritz. Operators competing for market share in an environment dominated by shrinking profit margins will respond in various ways to the increased costs created by these major changes, she notes. Small and large operators who will normally consider buying new trucks, will now probably lengthen their replacement cycles to avoid the higher costs of replacing vehicles. However, this […]

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