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Crude Oil

Here’s the New Petrol Price for July

South African Minister of Energy and Mineral Resources, Gwede Mantashe, has announced adjustments in fuel prices for July. As of Wednesday (6 July 2022), the price of 93 unleaded petrol will increase by R2.37 ($0.15) and the price of 95...

What the Global Oil Crisis Means for Africa

Energy experts say the growing oil crisis across the globe is a wake-up call for the African continent to become less dependent on foreign oil supplies. The cost of fuel has risen sharply, with Brent crude oil hitting a 14-year...

Petrol Might Be Rationed in South Africa, Energy Department Warns

The department of energy and mineral resources has warned that petrol will be rationed if the war between Russia and Ukraine persists. According to Daily Maverick, the department of energy and mineral resources department appeared before parliament’s portfolio committee on...

Just How High Will Petrol Prices Skyrocket in SA on Wednesday?

As the price of crude oil increases internationally and the rand weakens further, South Africa will see a sharp increase in its fuel prices across the country from Wednesday this week. The price of 93 and 95 Unleaded petrol will...

Nigeria Could Face Petrol Price Hike as Energy Crisis Deepens

The price of petrol in Nigeria, otherwise colloquially known as Premium Motor Spirit (PMS) may hit a high of N320 ($0.77) per litre in October. This comes as the country's Federal Government has concluded its plans to remove subsidy on...
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Latest News

African Fintech Giant Ranked as Fastest-Growing

The world’s leading financial publication confirmed Moniepoint’s accolade in its annual “Africa’s Fastest Growing Companies” survey, released yesterday. It...
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