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The Fuel Retailers Association‚ representing more than 2‚500 fuel retailers‚ has hit back at the government’s proposal to cap the price of 93 octane petrol‚ claiming it will cut into wafer-thin profit margins and accelerate job losses in the sector.

The Fuel Retailers' Association complains that the current pricing model unfairly favours big oil companies. The retailers say that big fuel companies claw back a portion of the profit margin that is meant to go to entrepreneurial compensation. Picture: Boxer Ngwenya. 

Congestion on Tuesday and Wednesday delayed trucks going to and coming from the port and the Fuel Retailers’ Association chief executive, Reggie Sibiya, said on Thursday that fuel reserves at a number of sites around Durban were running dry.

Johannesburg - The Fuel Retailers Association (FRA) wanted oil companies to pay their retailers goodwill when their contracts come to an end, FRA chief executive Reggie Sibiya said on Friday.

Petrol stations in Gauteng will continue to run dry, while the rest of the country remained unaffected by the fuel shortage, the Fuel Retailers Association said on Tuesday.