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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Fuel

10 Results / Page 1 of 2

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Africa

Ghana’s Consumer Inflation Climbs to 22.1% in October

  Ghana's consumer inflation rose for the second consecutive month in October, reaching 22.1% year-on-year, up from 21.5% in September, according to the country's statistics service. Reuters says, a government statistician shared that both food and non-food inflation had increased during the month. He highlighted that three sectors—food and non-alcoholic beverages, housing, water and fuel, and transport—accounted for about two-thirds of the overall inflation rate for October.

todayNovember 7, 2024 4

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South Africa

South African Petroleum Industry Calls for Investment in Refineries for Clean Fuels Program

  The South African Petroleum Industry Association has reiterated the need for capital investment in local refineries to meet the second clean fuels program by 2027. During a media roundtable, Sapia head of strategy Kevin Baart emphasized that current price structures are insufficient to fund these necessary investments. Baart assured that the industry has managed supply risks effectively for 18 years and highlighted the importance of cleaner fuels and emission […]

todayJuly 10, 2024 39

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Namibia

June Inflation Eases to 4.6%, Food Inflation at Lowest in a Year

In June, Namibia experienced a decrease in overall inflation to 4.6%, down from 4.9 in May and marking the second lowest rate of the year. Food inflation specifically dropped to 4.0%, the lowest recorded in at least a year, based on newly released data from the Namibia Statistics Agency. However, transport inflation rose sharply to 8.3%, reaching its highest level in the past 12 months, compared to just 0.1% in […]

todayJuly 9, 2024 43

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South Africa

South Africa Announces Significant Fuel Price Reductions

The Department of Mineral Resources and Energy in South Africa has announced substantial decreases in fuel prices. Effective today, the price of 95 unleaded petrol will drop by 99 cents per litre, while 93 unleaded petrol will decrease by one rand and five cents per litre. Diesel prices will see reductions ranging from 24 to 30 cents per litre, depending on the sulphur content, and illuminating paraffin will decrease by […]

todayJuly 3, 2024 8

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Africa

Kenya protests: Ruto pulling the finance bill is unlikely to satisfy angry young protesters – here’s why

          By Kathleen Klaus, Uppsala University       In a move that shocked observers, Kenya’s President William Ruto announced on 26 June he was withdrawing his government’s highly controversial finance bill. This followed two days in which tens of thousands of mostly young protesters took to the streets in nationwide rallies against the proposals contained in the country’s 2024 budget. Kathleen Klaus, who has studied […]

todayJune 27, 2024 99

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South Africa

S.A union Saftu Urges Government Response as Shell Plans Exit from Liquid Fuels Market

S.A union Saftu says Shell's planned departure from South Africa's downstream market for liquid fuels is a wake-up call for the government to begin requiring the production and distribution of electric vehicles finally. However, it depends on the private sector to do so. Saftu’s spokesperson Trevor Shaku says the government's role is currently relegated to creating an enabling environment for capitalism to incentivise multinational-corporate automotive businesses:  

todayMay 13, 2024 15

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Business / Economics

EXCLUSIVE INTERVIEW; Navigating the Impact of Rising Fuel Prices and Electricity Tariffs: Insights from Josef Kefas Sheehama

In the midst of economic challenges and the aftermath of the COVID-19 pandemic, Namibians are grappling with the harsh reality of increasing fuel prices and electricity tariffs. Josef Kefas Sheehama, an observer of socioeconomic trends, sheds light on the pressing issues facing many households in Namibia and offers perspectives on the road ahead. Sheehama begins by acknowledging the significant burden that rising fuel and electricity costs place on individuals already […]

todayApril 30, 2024 17 2

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Namibia

No Change in Fuel Prices for February 2024; Relief Extended to Oil Wholesalers

In their latest press release, the Mines and Energy ministry announced that fuel prices for February 2024 will remain unchanged: N$20.78 for petrol, N$21.05 for diesel 50ppm, and N$21.25 for diesel 10ppm in Walvis Bay. Fuel pump prices will be adjusted based on new transport rates. Additionally, the ministry extends the temporary relief margin of 20 cents per litre to oil wholesalers for another three months, ensuring a secure supply […]

todayFebruary 7, 2024 35

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