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Good news! All grades of fuel will see a drop in prices come October 2020 - AA

  • Fuel prices will see a decrease in October.
  • Diesel prices will drop by around 93 cents.
  • The AA warns motorists to be weary given uncertain economic climate
  • For more motoring stories, go to www.Wheels24.co.za
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Jet fuel is now so cheap it’s being blended for use by ships

The fuel that powers passenger planes is normally among the most expensive oil products, but in a sign of the times the coronavirus has turned it into a blending component for typically cheaper shipping fuel.

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Strategic Fuel Fund agrees to draft deal with Glencore as oil sale court case continues

  • The Strategic Fuel Fund has agreed to discuss an out-of-court settlement with Glencore over their sale of strategic oil reserves.
  • Other companies responding to the CEF's application asked the Western Cape High Court to provide clarity on who get the awards, including the oil and storage fees.
  • Some companies involved in the case suffered losses due to failure on the part of SFF to provide the oil paid for.
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Major dip in fuel price on the cards

  • The recent strength of the rand against the US dollar could see the fuel price drop at the end of September.
  • International oil prices also dropped this month, reducing in SA by more than 10% since the beginning of the month.
  • The Automobile Association of South Africa predicts a reduction in the fuel price by between 26 and cents a litre.
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Wanted: Drones, spies, and a small army to help Transnet keep its fuels pipelines safe

  • Transnet Pipelines is looking for drones, spies, and an army of some 150 people to help guard its pipeline network.
  • Thieves are now digging up its pipes and installing their own valves to siphon off fuel, Transnet says.
  • Guarding 3,800 kilometres of pipelines isn't easy, so it wants both a helicopter strike force and help infiltrating criminal syndicates, to prosecute those who sell the fuel in neighbouring countries.
  • Its new team should be capable of "policing duties" Transnet says.
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