DURBAN – The majority of South African fuel service stations were just barely making it to survive with the significant drop in volumes in the face of the Covid-19 imposed national lockdown.
CAPE TOWN - Plunging fuel prices, the result mainly of crashing global oil prices, and sharply lower sales as people have almost stopped driving in the lockdown, have left petrol station owners in dire financial straits.
The Minister of Mineral Resources and Energy needed to intervene urgently to assist fuel retailers in financial distress, or many service stations would close, Fuel Retailers Association (FRA) executive director Reggie Sibiya said yesterday.
DURBAN - Independent fuel retailers are planning to approach the courts to force the Department of Mineral Resources and Energy (DMRE) to protect small fuel traders from unfair competition unleashed by established companies in the industry.
The National Union of Metalworkers of SA (Numsa) is preparing for a strike at petrol stations, dealerships and component companies with the union requesting a date with the CCMA to finalise picketing rules.