Fuel Retailers Association

Forecourt blues for petrol station owners as prices slump

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.

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