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Refineries & Retail

Higher oil, chemicals prices drive Sasol’s earnings higher
4th August 2022 By: Marleny Arnoldi

JSE-listed petrochemicals company Sasol reports that it benefitted from a favourable macroeconomic environment, higher crude oil and chemicals prices and higher refining margins in the financial... 


Petrol Pumps
Some relief for SA with 'sizeable' fuel price cuts coming
27th July 2022 By: News24Wire

South Africans will be getting some relief at the petrol pumps with fuel price cuts in August, the department of mineral resources and energy confirmed on Wednesday. According to the latest data... 


Natref supply partially restored, Sasol’s full-year production decreases
25th July 2022 By: Donna Slater

Chemicals and petrochemicals producer Sasol reports that crude oil supply has been partially restored from its majority-owned Sasolburg-based Natref refinery, after the company declared a force... 


Commission recommends approval of SFF’s buyout of 50% stake in Cape Town Terminal
22nd July 2022 By: Schalk Burger

The Competition Commission has recommended to the Competition Tribunal that it approve, without conditions, the State-owned Strategic Fuel Fund’s (SFF’s) acquisition of  a 50% interest in the Cape... 


The Natref refinery
Sasol outage means all South African oil refineries are now shut
18th July 2022 By: Bloomberg

Sasol, South Africa’s largest fuel producer, declared force majeure on the supply of petroleum products due to delays in deliveries of crude to the Natref refinery it owns with TotalEnergies,... 


‘Calls for petrol price deregulation uninformed’
8th July 2022 By: Irma Venter

Increasing calls from the public for the petrol price to be deregulated speak of ignorance, warns Fuel Retailers Association (FRA) CEO Reggie Sibiya. “As fuel prices continue to rise, there is... 


Trucks block South African road to Mozambique as fuel costs surge
6th July 2022 By: Bloomberg

Protesters in a city in South Africa’s north east blocked roads including a highway linking the country to Mozambique with trucks Wednesday morning as they demonstrated against fuel prices rising... 


Fuel prices to surge to new record, as general levy relief is trimmed to 75c/l
Fuel prices to surge to new record, as general levy relief is trimmed to 75c/l
4th July 2022 By: Terence Creamer

As feared, Mineral Resources and Energy Minister Gwede Mantashe has announced big fuel price increases for implementation on July 6. Despite calls ahead of the announcement for the temporary... 


GreenYellow secures contracts with Retailability, PPC Cement in South Africa
24th June 2022 By: Schalk Burger

Energy efficiency, services and solar photovoltaic solutions company GreenYellow has secured two contracts in South Africa, including a seven-year energy efficiency partnership agreement with... 


Transnet, Sasol, Total, and the apartheid-era pricing deal. Why ConCourt agreed it should end
22nd June 2022 By: News24Wire

The Constitutional Court has ruled that Transnet was entitled to terminate a long-term pricing agreement, put in place in the apartheid era, and relating to the transportation of crude oil to Sasol... 


Image of a Shell service station
Calls for petrol price deregulation display lack of knowledge – FRA
17th June 2022 By: Irma Venter

Increasing calls from the public for the petrol price to be deregulated speak of ignorance, warns Fuel Retailers Association (FRA) CEO Reggie Sibiya. “As fuel prices continue to rise, there is... 


Africa’s governments face stark choices as fuel prices scale new highs
16th June 2022 By: Bloomberg

African governments face stark choices over fuel prices as sanctions on Russian oil disrupt global markets for energy, according to one of the continent’s key suppliers. “There is no doubt that... 


Sustainable aviation fuels can be a potential green industry in South Africa
10th June 2022 By: Schalk Burger

Sustainable aviation fuels (SAF) can contribute to a 65% reduction of emissions in the aviation industry by 2050, and South Africa has an excellent resource base to produce like-for-like... 


An image of Jacob Mbele, newly appointed director-general of the Department of Mineral Resources and Energy
Committee welcomes appointment of Jacob Mbele as DMRE director-general
10th June 2022 By: Tasneem Bulbulia

Portfolio Committee on Mineral Resources and Energy chairperson Sahlulele Luzipo has welcomed the appointment of Jacob Mbele as director-general of the Department of Mineral Resources and Energy... 


Just transition holds opportunities, but also risks for South Africa's liquid fuel value chain
8th June 2022 By: Schalk Burger

A just transition of the liquid fuels value chain to a low- and zero-carbon value chain presents opportunities for South Africa, but also holds risks in terms of timing and the impact of the... 


Petrol pump
Parly committee calls for long-term fix to soften the blow of fuel price hikes
2nd June 2022 By: News24Wire

Parliament's Portfolio Committee on Mineral Resources and Energy has called on the government to undertake a "comprehensive review" of South Africa's fuel pricing regime. This comes after the... 


As fuel-levy reduction is extended, govt warns of R4.5bn fiscal hit
As fuel-levy reduction is extended, govt warns of R4.5bn fiscal hit
31st May 2022 By: Terence Creamer

The South African government has announced a two-month extension to the temporary reduction in the general fuel levy, but has warned that the R4.5-billion in foregone revenue will have an impact on... 


Image of farming equipment
Agri SA proposes diesel rebate scheme increase to buffer food prices from fuel hike
31st May 2022 By: Schalk Burger

A targeted intervention to increase the diesel rebate to the agricultural sector would buffer the cost pressures that impact food prices, while also being a more sustainable option over the coming... 


Forum says OR Tambo jet fuel shortage to be largely resolved by month-end
27th May 2022 By: Schalk Burger

The Jet Fuel Forum (JFF) has said the jet fuel shortage at OR Tambo International Airport should largely be resolved by the end of the month, as additional fuel will be made available to airlines... 


Low oil output barely enough to cover petrol imports – Nigeria FinMin
27th May 2022 By: Reuters

Low crude oil production means Nigeria is barely able to cover the cost of imported petrol from its oil and gas revenues, Finance Minister Zainab Ahmed told Reuters on Thursday. Ahmed added in an... 


Petrol Pump
Govt mulls extending fuel levy intervention as major fuel hikes loom – Gungubele
26th May 2022 By: News24Wire

Government is still deliberating whether to continue with its fuel price relief intervention introduced in March, as the latest data from the Central Energy Fund shows a marked increase expected... 


A petrol pump
South Africans face fuel price surge as levy concession ends
26th May 2022 By: Bloomberg

South Africans face record high gasoline prices in June as a subsidy to help motorists counter the impact of high crude costs exacerbated by Russia’s invasion of Ukraine comes to an end. With a... 


Sasol's head office
South African-German consortium to research catalysts needed to produce green jet fuel
25th May 2022 By: Terence Creamer

South African energy and chemicals group Sasol has teamed up with Helmholtz-Zentrum Berlin (HZB) to lead a consortium of German and South African partners that will research and optimise the... 


Minister of Mineral Resources and Energy Gwede Mantashe
Mantashe says fuel levy cut won't be extended beyond May
20th May 2022 By: News24Wire

Petrol prices may surge by more than R3.50 a litre in the first week of June, with Gwede Mantashe, Minister of Mineral Resources and Energy, saying that the general fuel levy cut will fall away at... 


June's fuel price hike will be a shock 'never seen before', warns AA
17th May 2022 By: News24Wire

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 June. Adding to the blow is the return of the full... 


A photo of Lee-Hendor Ruiters speaking at teh launch of the The South African Industry Adaption (SAIA) project which was launched last month to accelerate South African industry’s energy and water transition a collaboration between the governments of South Africa and Flanders, in Belgium, and the United Nations Industrial Development Corporation
Project launched to fast-track energy, water transition
13th May 2022 By: Halima Frost

The South African Industry Adaption (SAIA) project was launched last month to accelerate South African industry’s energy and water transition to a decarbonised, green and inclusive economy, as well... 


OR Tambo jet fuel supply stable, emergency supply measures developed – ACSA
9th May 2022 By: Donna Slater

The Airports Company South Africa (ACSA) is implementing several emergency measures to secure a sustainable supply of jet fuel at the OR Tambo International Airport (ORTIA), in Johannesburg, and to... 


Nigerian airlines suspend plans to ground local flights over cost of jet fuel
9th May 2022 By: Reuters

Nigerian airlines have suspended plans to ground all local flights due to the soaring cost of jet fuel just hours before the move was due to take effect, the airline operators association said on... 


Cold boxes being precooled in preparation for gas
3rd May 2022 By: Darren Parker

JSE-listed Renergen reported on May 3 that it was making “strong” progress in terms of the commissioning of Phase 1 of the Virginia gas project, which comprises exploration and production rights of... 


Diesel price to rise on Wednesday, but petrol price to decrease
3rd May 2022 By: Donna Slater

The price of both grades of petrol will decrease by 12c/ℓ on May 4, while 0.05% sulphur diesel will increase by 98 c/ℓ and 0.005% sulphur diesel will increase by 92c/ℓ. Illuminating paraffin will... 


Sasol opens 2023 engineering, science degree bursary programme
29th April 2022 By: Schalk Burger

Chemical and energy multinational Sasol says applications for its corporate bursary programme for the 2023 academic year are now open to high-performing mathematics and science learners currently... 


Mbalula says measures put in place to resolve jet fuel shortage at OR Tambo
29th April 2022 By: Schalk Burger

Transport Minister Fikile Mbalula says the Airports Company South Africa (ACSA) and the departments of Transport and Mineral Resources and Energy have been mandated to put measures in place to... 


bpSA donates R8m towards KZN flood relief
29th April 2022 By: Donna Slater

Petroleum producer bp Southern Africa (bpSA), through its ongoing partnership with the Solidarity Fund, is donating R8-million to help support relief efforts in KwaZulu-Natal, following severe and... 


OR Tambo faces jet fuel crunch, says oil industry body
26th April 2022 By: Reuters

Jet fuel supplies at one of Africa's busiest airports, OR Tambo International in Johannesburg, are running low after transportation of the product was hit by flood damage to railway lines, South... 


A photo of hydrogen infrastructure
Europe’s energy rush spurs Sasol to quicken green hydrogen plan
26th April 2022 By: Bloomberg

Europe’s scramble to find new sources of energy to reduce its reliance on Russia has given Sasol, South Africa’s biggest fuel producer, a new purpose to accelerate its green hydrogen plans. Sasol... 


Sasol benefits from higher prices, warns of impact of KZN floods on Q4 production
25th April 2022 By: Marleny Arnoldi

JSE-listed petrochemicals giant Sasol says its financial performance for the nine months ended March 31 was underpinned by a favourable macroeconomic environment, with a higher crude oil price,... 


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