Petrol outlook is dim due to higher sales of smaller cars and EVs, says Sasol
Energy and chemicals group seeks to mitigate risk of an oversupply of fuel to the country
03 September 2023 - 18:58
Sasol has warned investors that the outlook for petrol is dimming as demand shifts increasingly to more fuel-efficient and electric vehicles (EVs).
In its annual report published on Friday, the energy and chemicals company said petrol demand remains weak because of hybrid-working, high prices and improved efficiency in technology...
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