AA predicts a mixed bag for fuel prices in June Updated
Nokukhanya N Mntambo
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A mixed bag of fuel prices are expected next month when the Department of Mineral Resources and Energy announces the fuel price adjustments.
Fuel pump / iStock
Some consumers will breathe a sigh of relief while others are likely to dig deeper into their pockets.
The Automobile Association (AA) says it expects petrol to drop by 1 cent a litre, but diesel looks set for an increase of 20 cents a litre.
Commenting on mid-month fuel price data released by the Central Energy Fund, AA spokesperson Layton Beard said paraffin is also slated to go up by 25 cents.
The South African government recently announced the eight preferred bidders in the Risk Mitigation Independent Power Producer Procurement (RMIPPP) programme. The bidders will provide an additional 1,845 megawatts which will be generated by various technologies and connected to the grid by August 2022. The project equates to R45bn of private-sector investment. The bidders are; ACWA Power Projects DAO, Oya Energy, Umoyilanga, and two projects for Mulilo Total and three for Karpowership SA. They use technologies including solar, photovoltaic, wind, liquefied natural gas and battery storage. Energy expert Chris Yelland discusses Turkish firm, Karpowership with Department of Mineral Resources and Energy Deputy Director-General, Mr Jacob Mbele, and IPP Office Acting Chief Operating Officer, Mr Maduna Ngobeni. – Melani Nathan