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Rising petrol prices put pressure on fuel retail sector volumes


Rising petrol prices put pressure on fuel retail sector volumes
By Given Majola
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INCREASING fuel prices were exerting pressure on already compromised volumes in the fuel retail sector, the Fuel Retailers Association of Southern Africa (FRA) said yesterday.
The price of both grades of petrol went up by 91 cents per litre and diesel increased by between 54 cents and 55c per litre this month.
FRA chief executive Reggie Sibiya said the sector had not yet fully recovered from the Covid-19 lockdowns.
The fuel increases primarily knocked the cash flows of FRA members.
Sibiya said when fuel prices went up, the working capital requirements increased and the compromised cash flows, which were also due to declining volumes, meant that banks were not as willing to increase working capital allocations. ....

Paul Makube , Reggie Sibiya , Retailers Association Of Southern Africa , Department Of Mineral Resources , Fuel Retailers Association , Southern Africa , Employee Relief Scheme , Mineral Resources , Retail Opex , துறை ஆஃப் தாது வளங்கள் , எரிபொருள் சில்லறை விற்பனையாளர்கள் சங்கம் , ஊழியர் துயர் நீக்கம் திட்டம் , தாது வளங்கள் ,