Rising fuel prices necessitate a push towards green transportation
SABC News31 Oct · 20:53← All topics · now
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Fuel-tax changes and global oil markets are keeping energy prices in focus.
554 reports · 31 Oct · 22:01 PHT
Summary · from headlines6 points
- Oil prices slid after sanctions relief on Russian crude raised hopes of increased supply.
- The IEA sped up emergency stock releases as the global diesel shortage persisted.
- The US DOE will release 315,000 barrels from the Northeast heating oil reserve.
- Gasoline fell P4.30/L while diesel rose P2.60/L.
- Global oil hit $116 a barrel, highest since April, as Brent rose amid Middle East tensions.
- Diesel prices are set to rise P2.88/L while gasoline prices are set to go down P1.07/L next week.
Latest developments6 to read first
Minister urges South Africans to work together in confronting high fuel price
Mining Weekly31 Oct · 20:53Good news gets better for petrol prices in South Africa next week
BusinessTech31 Oct · 20:53Good news about petrol and diesel prices next week
TopAuto.co.za31 Oct · 20:53Treasury in a pickle over how it will scrap all levies on fuel
EWN31 Oct · 20:53Angola Plans to Cut Fuel Subsidies Without Price Increases
Bloomberg31 Oct · 18:53Timeline 554 reports
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