Fuel Prices News Updates

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The copper price is going through the roof

Copper has surged to its highest-ever level, extending a powerful, months-long rally driven by financial investors who've piled into the market in anticipation of deepening supply shortages. Futures on the London Metal Exchange
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20 May 2024

Energy transition risks critical mineral shortage: IEA

The sharp drop in prices for minerals critical to the green energy transition was masking a looming shortage due to inadequate investment, the International Energy Agency said Friday.In its second annual review of the market for such critic
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20 May 2024

Financial markets: More of the same?

The current strong recovery of global and South African financial markets continues. Equity prices in the US rose on news that the US core inflation rate for April was lower (3.8%) than was expected (3.7%), as well as remarks made by US Fed
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20 May 2024

Can this Ford Ranger give the Toyota Hilux a Tremor or two?

The Blue Oval is the master of producing special editions of the Ford Ranger. The latest one is the Tremor, which also just happens to be The Citizen Motoring s long-term companion for the next six months. So, what does the Tremor bakkie
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19 May 2024

Driving on fumes? Cut in fuel prices still likely for June

Judging by the latest projected figures for fuel prices in June, motorists could finally be saving a few pennies after four consecutive months of crippling petrol price increases. The rand rallied this week to its strongest levels in 202
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17 May 2024

Rand soars but SA economy keeps struggling in first quarter

The Rand has risen to its highest level since July 2023 on US dollar weakness this week, but the countrys economy keeps struggling as evidenced by another poor showing on the local industrial data front, with mixed internal trade data. I
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17 May 2024

Fuel price forecast to dip in June

Motorists can expect significant decreases in fuel prices across the board in June, based on current unaudited mid-month data released by the Central Energy Fund (CEF), the Automobile Association announced on Thursday. According to the data
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17 May 2024

Diesel price forecast to dip in June

Consumers can expect significant decreases in fuel prices across the board in June, based on current unaudited mid-month data released by the Central Energy Fund (CEF), the Automobile Association said on Thursday, May 16. According to th
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17 May 2024

Walmart lifts sales, profit forecast, shares hit record high

Walmarts stock rose as much as 7.3% to a record high of $64. 22 in early trading. The stocks surge has boosted its valuation past 25 times expected earnings, up from a 10-year average valuation of about 20, according to LSEG data .
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17 May 2024

Fuel price outlook shows significant petrol and diesel price cuts on track for June

South Africans are still on track for significant petrol and diesel price cuts in June.As IOL reported last week, a substantial over-recovery has developed for both fuel types and this looks set to translate into savings at the pumps from n
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17 May 2024