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Consumers won’t benefit from regulation of diesel price, says Energy Department Updated Sibahle Motha Share this: The Department of Energy doesn’t believe there would be any benefit to the South African consumer if it were to regulate the price of diesel. Source: Pixabay The department was in Parliament on Wednesday morning to answer questions on the spike in fuel prices.  It was asked why diesel in the country is not regulated and who determines the price increases.    “If were to regulate diesel, then it could be that the oil majors will say this is what the government wants us t...

5 key recommendations to mitigate rise in cost of fuel By Tarryn-Leigh Solomons Share The AA has proposed five key recommendations to the National Assembly committee on mineral resources and energy on measures to mitigate the rising fuel costs. The association’s chief executive, Willem Groenewald, addressed the committee on Wednesday. He suggested that providing cheaper fuels to South African citizens will not happen with the flick of switch but will require a multi-faceted, multi-departmental approach with the involvement of the private sector. Among the recommendations include an investig...

[LISTEN] How Department of Energy determine fuel prices 6 April 2021 5:20 PM Share This: Department of Energy director of fuel pricing mechanism Robert Maake says they are not involved in the oil prices. Motorists are rushing to the pumps are petrol will increase by almost R1 at midnight. Petrol costs will reach a high of R16.84 on the coast, and R17.54 inland. Diesel will increase by between 65 cents. Department of Energy director of fuel pricing mechanism Robert Maake explains the costs to John Perlman. The department does not get involved in how the oil companies procure oil and so forth....

Motorists will have to pay more for petrol this month.

Steep fuel price hikes in store for February Updated Sibahle Motha Share this: Motorists will have to put their hands even deeper into their pockets when the latest fuel price hike kicks in on Wednesday.  The Department of Mineral Resources and Energy announced the fuel price adjustments for February on Wednesday.   Both grades of petrol will increase by 81c/l, while diesel will increase by between 58 and 59c. The price of illuminating paraffin will be 59c/l more expensive.   Department spokesperson Robert Maake says the fuel price for February has in the main been driven by the rand/US ...