News
Fuel wholesalers call for SA to get refineries up and running again
This follows the price of petrol breaching R25 per litre for the first time ever yesterday.
Credit card transactions remain a bone of contention for fuel retailers
When motorists swipe their Mastercard or Visa card, the fuel retailer pays back to these institutions a merchant service fee, which includes the interchange rate of 1.75 percent for every credit card transaction.
Plotting the way forward in fuel and forecourt retailing
Already recovering from the economic fall-out from Covid-19, the devastating floods in KZN and the war in Ukraine - which derailed oil prices - has caused further strain on the South African economy, and fuel and forecourt retailers.
Fuel retailers struggling to make viable returns
The planned fuel relief for motorists will leave fuel retailers out of pocket for every litre of fuel they sell by credit or debit card, the Fuel Retailers Association’s (FRA) said.
Petrol retailers in the country take strain as motorists’ pockets hard hit
Fuel retailers continue to face a very slow recovery on volumes sold and slow sales in their convenience stores due to sluggish consumer spending and people travelling less because of alternative ways of work and meetings, says the Fuel Retailers’ Association.