1 00:00:00,320 --> 00:00:04,760 Speaker 1: You're with Clement Manateela seven two. All right, So we've 2 00:00:04,760 --> 00:00:07,560 Speaker 1: been having a conversation on the seven or two Open 3 00:00:07,640 --> 00:00:12,719 Speaker 1: Line around this issue of petrol, different grades of petrol 4 00:00:12,840 --> 00:00:15,480 Speaker 1: diesel as well, because a number of you have visited 5 00:00:16,880 --> 00:00:21,799 Speaker 1: petrol stations and you've been raising concerns about, you know, 6 00:00:22,000 --> 00:00:27,000 Speaker 1: possible the possibilities of certain grades also running out. So 7 00:00:27,080 --> 00:00:32,320 Speaker 1: there are concerns ranging from supplied disruptions, refinery challenges, their 8 00:00:32,400 --> 00:00:36,720 Speaker 1: logistical delays as well that could affect the availability of 9 00:00:36,800 --> 00:00:40,960 Speaker 1: petrol and diesel across parts of the country. So we 10 00:00:41,040 --> 00:00:44,120 Speaker 1: did sort of a temperature check on the seven or 11 00:00:44,200 --> 00:00:46,160 Speaker 1: two open line this morning, and a lot of people, 12 00:00:46,560 --> 00:00:48,199 Speaker 1: I mean, there were a few one or two who 13 00:00:48,280 --> 00:00:50,840 Speaker 1: called in and said, in our area, we haven't experienced 14 00:00:50,880 --> 00:00:53,720 Speaker 1: such challenges. But most of you called in to say 15 00:00:53,800 --> 00:00:58,000 Speaker 1: I have picked up that diesel has dramatically increased at 16 00:00:58,040 --> 00:01:01,440 Speaker 1: certain petrol stations. You've picked that some petrol stations are 17 00:01:01,480 --> 00:01:05,440 Speaker 1: not selling diesel. They're rationing it, possibly because they want 18 00:01:05,440 --> 00:01:09,640 Speaker 1: to make an extra barg the next day or whenever 19 00:01:09,880 --> 00:01:13,320 Speaker 1: they see maybe the uptick in the price of diesel. 20 00:01:13,400 --> 00:01:16,080 Speaker 1: Some of you have raised concerns that certain grades of 21 00:01:16,120 --> 00:01:19,520 Speaker 1: petrol are not there. But the point we got just 22 00:01:19,600 --> 00:01:21,520 Speaker 1: from the calls we received from you on the open 23 00:01:21,560 --> 00:01:24,720 Speaker 1: line is that there seems to be panic buying that's 24 00:01:24,720 --> 00:01:28,000 Speaker 1: setting in. So should you panic? Do you have reason 25 00:01:28,080 --> 00:01:31,840 Speaker 1: to panic? What are the authorities telling us? What is 26 00:01:31,880 --> 00:01:36,839 Speaker 1: the industry telling us. We've invited Ava Fani Chifulao, who 27 00:01:37,000 --> 00:01:41,240 Speaker 1: is the chief executive at the Fuels Industry Association of 28 00:01:41,319 --> 00:01:45,000 Speaker 1: South Africa, to just help us understand, you know, what 29 00:01:45,120 --> 00:01:47,080 Speaker 1: we should do next, because it looks like a lot 30 00:01:47,080 --> 00:01:49,960 Speaker 1: of people are concerned. I've a Fanali, thank you so 31 00:01:50,040 --> 00:01:51,080 Speaker 1: much for making time for us. 32 00:01:51,080 --> 00:01:53,200 Speaker 2: Good morning, Good morning Germent. 33 00:01:54,160 --> 00:01:57,520 Speaker 1: Yeah, there seems to be some concern from a number 34 00:01:57,560 --> 00:02:01,720 Speaker 1: of motorists about should they be panic buying? Should they not? 35 00:02:01,880 --> 00:02:05,760 Speaker 1: Government told us last week no reason to worry. What 36 00:02:06,000 --> 00:02:09,440 Speaker 1: have you seen as an industry over the last day 37 00:02:09,720 --> 00:02:10,960 Speaker 1: or a couple of days. 38 00:02:12,320 --> 00:02:15,560 Speaker 2: So let me just start from the convert with you 39 00:02:15,919 --> 00:02:19,839 Speaker 2: last week and the dity for mineral and petrum resources. 40 00:02:20,000 --> 00:02:23,839 Speaker 2: I think what we're attempting to do was to give 41 00:02:24,000 --> 00:02:28,079 Speaker 2: assurance to South Africans that I mean, at least based 42 00:02:28,080 --> 00:02:31,400 Speaker 2: on what we have in front of us, the numbers 43 00:02:31,440 --> 00:02:35,440 Speaker 2: that we see, we were confirming that I mean, the 44 00:02:35,840 --> 00:02:39,760 Speaker 2: national field supply remains stable and that still remains the 45 00:02:39,840 --> 00:02:44,040 Speaker 2: case up to day. We can see this adequate availability 46 00:02:44,120 --> 00:02:52,480 Speaker 2: of all petreum products across the country and then the imputs, 47 00:02:52,520 --> 00:02:55,960 Speaker 2: particularly for the amand of April, those have been filmed up, 48 00:02:56,200 --> 00:02:59,040 Speaker 2: so we are very confident about the April as well. 49 00:02:59,800 --> 00:03:04,120 Speaker 2: We may and June still currently being finalized. So from 50 00:03:04,280 --> 00:03:09,480 Speaker 2: the importation of Coude oil and products into the country, 51 00:03:09,560 --> 00:03:14,520 Speaker 2: we are not seeing a problem whatsoever. And when it 52 00:03:14,720 --> 00:03:18,680 Speaker 2: comes to the issue for panic buying, definitely that we 53 00:03:18,720 --> 00:03:22,839 Speaker 2: are seeing like an increase in the number for SAVI 54 00:03:22,960 --> 00:03:26,840 Speaker 2: stations that are reporting to be dry. If we compare 55 00:03:27,120 --> 00:03:30,919 Speaker 2: like the numbers for the like let's say past two its, 56 00:03:30,919 --> 00:03:34,359 Speaker 2: you can see a drastic increase in terms of the 57 00:03:35,160 --> 00:03:37,920 Speaker 2: service stations that are reporting them being dry. 58 00:03:37,800 --> 00:03:39,920 Speaker 1: Particularly for diesel. 59 00:03:40,880 --> 00:03:45,080 Speaker 2: And what happens Clement is that at a local level, 60 00:03:45,160 --> 00:03:49,600 Speaker 2: depending on where you get supplied from and the distance 61 00:03:49,720 --> 00:03:52,760 Speaker 2: I mean between your depots and the actual service station, 62 00:03:53,360 --> 00:03:58,080 Speaker 2: the time it takes to replenish, it will always lead 63 00:03:58,200 --> 00:04:02,360 Speaker 2: to a like hours where a sensation might be dry 64 00:04:02,440 --> 00:04:08,320 Speaker 2: on one grade of fuel. And this is not like 65 00:04:08,440 --> 00:04:14,360 Speaker 2: I'm abnormal. So we like, on manly basis, if pricesses 66 00:04:14,520 --> 00:04:17,280 Speaker 2: are going up by like I'm in several cents, and 67 00:04:17,320 --> 00:04:22,080 Speaker 2: let's say anything above ten fifteen cents, we always see 68 00:04:22,080 --> 00:04:25,479 Speaker 2: this rush. But the only difference now is that the 69 00:04:25,640 --> 00:04:31,240 Speaker 2: magnitude of the anticipated increase is really making more people 70 00:04:31,320 --> 00:04:35,680 Speaker 2: to panic. But this sufficient fuel. Of course, there will 71 00:04:35,720 --> 00:04:39,479 Speaker 2: always be restrictions. Remember, the supply chain is catered for 72 00:04:40,600 --> 00:04:46,240 Speaker 2: in terms of available I mean trunk road tankers. They 73 00:04:46,279 --> 00:04:49,799 Speaker 2: are limited road tankers that you have which you match 74 00:04:49,960 --> 00:04:55,560 Speaker 2: the supply chain. Undernormous circumstances, you can access additional road tankers, 75 00:04:55,640 --> 00:04:58,760 Speaker 2: but you're not going to match this kind of demand 76 00:04:58,760 --> 00:04:59,920 Speaker 2: that we're seeing right now. 77 00:05:00,880 --> 00:05:04,640 Speaker 1: Yeah, So how how do we then get people to 78 00:05:04,640 --> 00:05:07,240 Speaker 1: to to to relax? I mean, I don't know if 79 00:05:07,240 --> 00:05:10,920 Speaker 1: we see an over communication from the part of government. 80 00:05:11,000 --> 00:05:13,159 Speaker 1: I know we spoke to the DJ last week. The 81 00:05:13,520 --> 00:05:16,000 Speaker 1: number of interviews I've been that I've seen that the 82 00:05:16,600 --> 00:05:18,719 Speaker 1: that the government has done. But how do we get 83 00:05:18,760 --> 00:05:23,640 Speaker 1: people then to believe you, as industry and government when 84 00:05:23,640 --> 00:05:26,960 Speaker 1: they say there's no reason to panic? And and maybe 85 00:05:27,000 --> 00:05:29,600 Speaker 1: let me put it put it up as this question 86 00:05:30,160 --> 00:05:32,160 Speaker 1: up of funny because this is a question that came 87 00:05:32,240 --> 00:05:34,840 Speaker 1: up on the open line. There are some listeners who 88 00:05:34,839 --> 00:05:38,160 Speaker 1: are worried about certain petrol stations that are either hogging 89 00:05:38,800 --> 00:05:43,440 Speaker 1: rationing diesel because they want to wait for the prices 90 00:05:43,480 --> 00:05:45,720 Speaker 1: to go up so that they can sell it, you know, 91 00:05:46,040 --> 00:05:49,800 Speaker 1: and make an extra barg Is that something that you 92 00:05:49,920 --> 00:05:52,120 Speaker 1: are seeing from the reports you getting on the ground 93 00:05:52,520 --> 00:05:58,240 Speaker 1: number one, and and and two? What about what can 94 00:05:58,279 --> 00:06:01,800 Speaker 1: we do then, as as the motorists, if we realize 95 00:06:01,800 --> 00:06:05,599 Speaker 1: that that's what we're picking up at certain petrol stations. 96 00:06:06,320 --> 00:06:09,320 Speaker 2: Yeah, so look, you can completely rule out I mean 97 00:06:10,000 --> 00:06:13,640 Speaker 2: operators who will take im advantage of the situation and 98 00:06:13,800 --> 00:06:17,760 Speaker 2: old lack fuel. But generally, remember a service station is 99 00:06:17,880 --> 00:06:23,440 Speaker 2: operating within a community, so you are a trusted supply 100 00:06:23,640 --> 00:06:28,080 Speaker 2: in that particular community where you operate, So you can't 101 00:06:28,200 --> 00:06:31,320 Speaker 2: take short term, like I mean, decisions that is going 102 00:06:31,360 --> 00:06:35,839 Speaker 2: to under money our own reputation. Generally, the service station 103 00:06:35,920 --> 00:06:39,200 Speaker 2: has got no means of adding fuel because I mean, 104 00:06:39,240 --> 00:06:41,200 Speaker 2: how are you gonna do that because there's just so 105 00:06:41,360 --> 00:06:44,719 Speaker 2: much competition on one street I mean in South Africa. 106 00:06:45,400 --> 00:06:48,760 Speaker 2: So if you're going to take a decision not to 107 00:06:48,880 --> 00:06:51,960 Speaker 2: sell because you want to gain like I'm an additional 108 00:06:52,160 --> 00:06:56,279 Speaker 2: five six rand on like let's say fifty liters that 109 00:06:56,360 --> 00:06:59,840 Speaker 2: you might have, but your competitors is not gonna like 110 00:07:00,120 --> 00:07:02,160 Speaker 2: Nezaril like do that. It's going to want to push 111 00:07:02,240 --> 00:07:05,360 Speaker 2: them in volumes. So I find it very difficult because 112 00:07:05,839 --> 00:07:09,800 Speaker 2: there's so much competition in South Africa in terms of vegetation. 113 00:07:10,440 --> 00:07:13,880 Speaker 2: So even if you attempt to hold your feel you're 114 00:07:13,880 --> 00:07:16,600 Speaker 2: not gonna succeed, but their competitor's gonna sell and they're 115 00:07:16,600 --> 00:07:17,800 Speaker 2: going to gain volumes. 116 00:07:19,360 --> 00:07:24,040 Speaker 1: Mmmmm hmm. And to what extent that the full issues 117 00:07:24,120 --> 00:07:28,240 Speaker 1: then linked to global factors versus the local challenges as 118 00:07:28,240 --> 00:07:30,640 Speaker 1: we speak now, because you're saying we're okay for April 119 00:07:31,240 --> 00:07:33,800 Speaker 1: a bit of may. What they what they're trying to 120 00:07:33,840 --> 00:07:38,280 Speaker 1: work on now is around June and maybe July as well. 121 00:07:38,320 --> 00:07:40,800 Speaker 1: We got someone from the trucking industry call us earlier 122 00:07:40,840 --> 00:07:43,560 Speaker 1: who says there's not a lot of issues in terms 123 00:07:43,560 --> 00:07:47,320 Speaker 1: of local supply. The problem is the bulk supply because 124 00:07:47,320 --> 00:07:51,360 Speaker 1: even at the harbor, because those ships when they were 125 00:07:51,440 --> 00:07:55,080 Speaker 1: let go, they were taken out under a different pricing. 126 00:07:55,400 --> 00:07:58,720 Speaker 1: So now you have to start looking as to what 127 00:07:58,760 --> 00:08:01,480 Speaker 1: the current pricing is, which may then bring about delays 128 00:08:01,520 --> 00:08:04,520 Speaker 1: and as far as bulk supply is concerned, is that 129 00:08:05,080 --> 00:08:06,560 Speaker 1: what you're picking up as well. 130 00:08:07,880 --> 00:08:10,920 Speaker 2: Yeah, I don't know what I heard that call, but 131 00:08:11,160 --> 00:08:15,160 Speaker 2: I mean remember the bag supplies. I mean you are 132 00:08:15,200 --> 00:08:18,160 Speaker 2: typically looking at like I actually the supply to Save 133 00:08:18,240 --> 00:08:21,760 Speaker 2: Station is back because you deliver it in like probably 134 00:08:21,840 --> 00:08:25,360 Speaker 2: thirty six thousand or whatever. So then you've got commercial 135 00:08:25,400 --> 00:08:28,560 Speaker 2: customers who also receive product in back, like the mines 136 00:08:28,600 --> 00:08:31,760 Speaker 2: and the farmers and all those kinds of people. So 137 00:08:32,920 --> 00:08:36,559 Speaker 2: we have been having a conversation with them and at 138 00:08:36,600 --> 00:08:40,319 Speaker 2: least farmers, and we have not got a sense that 139 00:08:40,440 --> 00:08:44,000 Speaker 2: I mean they is like I mean limited and bag supply. 140 00:08:44,360 --> 00:08:48,480 Speaker 2: People were complaining about the prices that's been asked because 141 00:08:48,520 --> 00:08:52,160 Speaker 2: people would InCred this additional cost for the product that 142 00:08:52,240 --> 00:08:56,240 Speaker 2: would be coming now. But the thing is that if 143 00:08:56,280 --> 00:09:00,400 Speaker 2: there is a shortage for back, it can be only 144 00:09:00,440 --> 00:09:04,880 Speaker 2: restricted that it will automatically be manifested in the retail level. 145 00:09:05,559 --> 00:09:08,480 Speaker 2: So that is not what we're picking but Clement, this 146 00:09:08,600 --> 00:09:13,800 Speaker 2: thing is gonna be resolved come like midnight tomorrow. Will 147 00:09:14,120 --> 00:09:17,079 Speaker 2: all be going back to our normal senses because it 148 00:09:17,120 --> 00:09:19,560 Speaker 2: will be very clear there's no shortage of product. Yes, 149 00:09:19,760 --> 00:09:23,520 Speaker 2: what is going to happen, We're gonna have extreme pressure 150 00:09:23,559 --> 00:09:26,400 Speaker 2: in terms of service station. They might be on the 151 00:09:26,400 --> 00:09:30,240 Speaker 2: fest of April take much longer to be replenished, but 152 00:09:30,600 --> 00:09:32,920 Speaker 2: we are very considered even for the month of May 153 00:09:32,920 --> 00:09:36,000 Speaker 2: in June. All that is there is just to make 154 00:09:36,000 --> 00:09:39,520 Speaker 2: sure that I mean, there's confirmation in terms of important 155 00:09:39,640 --> 00:09:42,240 Speaker 2: in vessels when they are coming. But we are not 156 00:09:42,400 --> 00:09:43,880 Speaker 2: worried about that at all. 157 00:09:45,840 --> 00:09:50,360 Speaker 1: Okay, So I'm trying to now figure out how do 158 00:09:50,440 --> 00:09:55,000 Speaker 1: we avoid a crisis that then gets generated by us 159 00:09:55,400 --> 00:10:00,120 Speaker 1: as consumers, as motorous because now, yes, we hear what 160 00:10:00,200 --> 00:10:02,840 Speaker 1: you're saying, is industry, we hear what government is saying, 161 00:10:02,880 --> 00:10:05,560 Speaker 1: but there seems to be a mismatch because the Mantrists, 162 00:10:05,960 --> 00:10:08,920 Speaker 1: many of them, are concerned on the ground. So and 163 00:10:09,000 --> 00:10:11,720 Speaker 1: that concern and the panic buying may end up then 164 00:10:11,800 --> 00:10:17,120 Speaker 1: creating the challenges we were trying to avoid. So what's 165 00:10:17,160 --> 00:10:19,440 Speaker 1: your message to the Matris out there? What do you 166 00:10:19,480 --> 00:10:22,440 Speaker 1: think can be done even by government and industry to 167 00:10:22,520 --> 00:10:25,520 Speaker 1: try and stabilize the situation so we avoid a full 168 00:10:25,559 --> 00:10:27,439 Speaker 1: grown crisis. 169 00:10:27,800 --> 00:10:30,880 Speaker 2: Yeah, I hear you, Clement, I mean so posts I 170 00:10:30,880 --> 00:10:35,480 Speaker 2: mean our interview with you last week we held a 171 00:10:35,559 --> 00:10:38,480 Speaker 2: media around table in conjunction with the department. We had 172 00:10:38,520 --> 00:10:42,000 Speaker 2: something like them in over forty media like them in 173 00:10:42,080 --> 00:10:44,760 Speaker 2: people there, and we were trying to really have a 174 00:10:44,760 --> 00:10:47,720 Speaker 2: sol bad discussion about this sharing as much as we can. 175 00:10:48,320 --> 00:10:51,160 Speaker 2: But like you said, you can overcommunicate on something like 176 00:10:51,200 --> 00:10:54,800 Speaker 2: these people they are panicking. They just somehow maybe they 177 00:10:54,800 --> 00:10:58,160 Speaker 2: are not feel like seeing I mean what we're telling them, 178 00:10:58,200 --> 00:11:01,680 Speaker 2: But I just want to try again. We are not 179 00:11:01,880 --> 00:11:04,839 Speaker 2: worried at all as far as it comes to this 180 00:11:04,960 --> 00:11:08,400 Speaker 2: supply of product in the country. There adequate I mean 181 00:11:08,480 --> 00:11:13,160 Speaker 2: stock availability. Yes, what we are seeing is like increased 182 00:11:13,360 --> 00:11:18,520 Speaker 2: demand at SAVI station level. And remember when I say 183 00:11:18,559 --> 00:11:21,880 Speaker 2: this thing is gonna self correct because there are very 184 00:11:21,920 --> 00:11:25,240 Speaker 2: few people who can use the full time within three days. 185 00:11:25,280 --> 00:11:28,199 Speaker 2: Because it means if we have visited the Savice station today, 186 00:11:28,840 --> 00:11:31,240 Speaker 2: you are probably gonna have that fuel for at least 187 00:11:31,240 --> 00:11:35,240 Speaker 2: a week. So by then this price I mean just 188 00:11:35,360 --> 00:11:39,800 Speaker 2: mede will have passed and everything should be normalized. And 189 00:11:39,880 --> 00:11:42,760 Speaker 2: I mean we'll all get them in fuel. We should 190 00:11:42,760 --> 00:11:45,840 Speaker 2: not worry, will be able to drive to go and 191 00:11:45,840 --> 00:11:48,280 Speaker 2: see our lovely ones something over the history we can 192 00:11:48,760 --> 00:11:50,480 Speaker 2: we will have enough fuel for everyone. 193 00:11:51,240 --> 00:11:54,160 Speaker 1: All right, I've got some questions coming from some of 194 00:11:54,200 --> 00:11:56,520 Speaker 1: our listeners. Let's start with this one on what's oppo 195 00:11:56,679 --> 00:11:59,480 Speaker 1: says I. Clemen, please can ask your guests why are 196 00:11:59,480 --> 00:12:04,360 Speaker 1: they not fuel from African countries like Angola, Equatorial Gain 197 00:12:04,440 --> 00:12:08,480 Speaker 1: in Nigeria, Agabon and North Africa. That's a question there 198 00:12:08,480 --> 00:12:09,280 Speaker 1: from Zagori. 199 00:12:10,960 --> 00:12:15,120 Speaker 2: So we get a lot of crude oil. Actually Nigeria 200 00:12:15,280 --> 00:12:17,760 Speaker 2: is our biggest supply of crude oil and then it's 201 00:12:17,800 --> 00:12:21,040 Speaker 2: probably going to be followed by Ghana and Gola. We 202 00:12:21,160 --> 00:12:23,360 Speaker 2: get a lot of crude oil, but there are very 203 00:12:23,400 --> 00:12:27,320 Speaker 2: few refineries in the continent. The only big refiner that 204 00:12:27,360 --> 00:12:32,480 Speaker 2: we have is Dumwater in Nigeria, and I do understand 205 00:12:32,520 --> 00:12:35,480 Speaker 2: that there's some cargo that I mean are coming from 206 00:12:35,840 --> 00:12:40,800 Speaker 2: Dunwater which has been secured. So we are trying all 207 00:12:40,880 --> 00:12:44,200 Speaker 2: the available sources I mean where product is are available 208 00:12:44,240 --> 00:12:47,600 Speaker 2: to get products. But as far as crude oil, we 209 00:12:47,640 --> 00:12:50,520 Speaker 2: are highly dependent on the continent. We get very little, 210 00:12:50,720 --> 00:12:52,800 Speaker 2: I mean crude well from Middle East. 211 00:12:53,880 --> 00:12:58,000 Speaker 1: M David, you colonists from park Riage, good morning. 212 00:12:58,800 --> 00:13:02,520 Speaker 3: I claiment my quesse think your guest is seeing petrol 213 00:13:02,559 --> 00:13:05,600 Speaker 3: it they regulated has got a regulated price or i'd 214 00:13:05,760 --> 00:13:09,319 Speaker 3: use that price isn't that easy illegal to have a 215 00:13:09,440 --> 00:13:12,559 Speaker 3: patrol in order to say leader the higher price. Because 216 00:13:12,600 --> 00:13:16,840 Speaker 3: this is a regulated product. For me, I think it 217 00:13:16,840 --> 00:13:18,360 Speaker 3: should be illegal. 218 00:13:20,000 --> 00:13:22,680 Speaker 1: Okay, David, in part grage and in fact I have 219 00:13:22,679 --> 00:13:25,880 Speaker 1: a funny someone called in and said, it's different when 220 00:13:25,920 --> 00:13:29,600 Speaker 1: it comes to diesel because it's not as regulated, highly 221 00:13:29,640 --> 00:13:33,320 Speaker 1: regulated as petrol. And that's why you know, petrol stations 222 00:13:33,320 --> 00:13:36,160 Speaker 1: can decide to just hogget like that and decide on 223 00:13:36,200 --> 00:13:39,640 Speaker 1: their own individual pricing. Can you clarify that for us please? 224 00:13:40,720 --> 00:13:44,560 Speaker 2: That's correct. It will be legal to sell petrol at 225 00:13:45,400 --> 00:13:51,840 Speaker 2: a price I mean that is outside of the parameters 226 00:13:51,840 --> 00:13:54,719 Speaker 2: that would have been announced by the Minister of me 227 00:13:55,520 --> 00:13:59,560 Speaker 2: because you can't even discount you can even discount petrol 228 00:14:00,080 --> 00:14:04,000 Speaker 2: service station, that's illegal. So you sell it the price 229 00:14:04,040 --> 00:14:06,800 Speaker 2: that is announced by the minister to say, for service 230 00:14:06,800 --> 00:14:10,040 Speaker 2: stations in said children on this particular street. This is 231 00:14:10,040 --> 00:14:12,680 Speaker 2: the price that's the prize. They can't discard or i 232 00:14:12,760 --> 00:14:16,760 Speaker 2: mean lack or sell above it for diesel. Yes, your listener, 233 00:14:16,800 --> 00:14:22,520 Speaker 2: what correct? There's no regulation of diesel prices either at 234 00:14:22,680 --> 00:14:27,800 Speaker 2: a wholesale or retail. So the service stations I mean owners, 235 00:14:27,800 --> 00:14:29,880 Speaker 2: they can sell it whatever price they want. They can 236 00:14:29,920 --> 00:14:32,960 Speaker 2: adjust prices they feel. I mean, I'm sure those would 237 00:14:33,000 --> 00:14:35,360 Speaker 2: drive digel cars. They have noticed, I mean most of 238 00:14:35,400 --> 00:14:39,160 Speaker 2: the service stations they don't have the same price retail 239 00:14:39,200 --> 00:14:42,000 Speaker 2: price for diesel through the entire man. It does change. 240 00:14:43,880 --> 00:14:47,600 Speaker 1: Yeah, Warren Tack, are you calling us from Pinehaven? Good morning? 241 00:14:48,640 --> 00:14:48,800 Speaker 2: Hi? 242 00:14:48,880 --> 00:14:49,800 Speaker 4: Grayment? Are you doing? 243 00:14:50,200 --> 00:14:51,800 Speaker 1: I'm all right man, go ahead. 244 00:14:52,480 --> 00:14:55,960 Speaker 4: Clement, I've got a question quickly. So I run tracks 245 00:14:56,040 --> 00:14:59,880 Speaker 4: in the northern type, okay, and I'm speaking from experience. 246 00:15:00,080 --> 00:15:03,200 Speaker 4: Right now, there's no diesel there. Trucks have been standing 247 00:15:03,280 --> 00:15:08,000 Speaker 4: dry since the weekend. And this is now obviously with wholesalers. 248 00:15:08,200 --> 00:15:13,200 Speaker 4: So your commercial customers they're not getting diesel from the majors. 249 00:15:13,320 --> 00:15:15,680 Speaker 4: I've heard the voice note from one of the majors 250 00:15:15,960 --> 00:15:18,120 Speaker 4: where the guy out and out just said, look, we've 251 00:15:18,160 --> 00:15:21,400 Speaker 4: got a contract with our retail customers to supply them 252 00:15:21,440 --> 00:15:25,480 Speaker 4: as product first. The commercial guys we'll supply them if 253 00:15:25,560 --> 00:15:30,200 Speaker 4: and when we can. However, the retail guys come first. 254 00:15:30,280 --> 00:15:33,760 Speaker 4: Now I've got this to me, doesn't make sense because 255 00:15:33,800 --> 00:15:36,560 Speaker 4: South Africa, the way South Africa is currently set up, 256 00:15:36,960 --> 00:15:41,240 Speaker 4: everything is moved by truck. The minute the trucks the 257 00:15:41,320 --> 00:15:44,200 Speaker 4: diesel starts running drying in Puma Langa and the trucks 258 00:15:44,200 --> 00:15:47,320 Speaker 4: cannot take coal anymore to the power stations, then load 259 00:15:47,320 --> 00:15:49,800 Speaker 4: shedding is going to start. So I need to I 260 00:15:49,920 --> 00:15:53,040 Speaker 4: just want to understand why is it that the majors 261 00:15:53,080 --> 00:15:56,200 Speaker 4: have decided to do that. And like I said, I'm 262 00:15:56,200 --> 00:15:58,920 Speaker 4: speaking from experience. I have trucks that are standing there dry. 263 00:15:59,400 --> 00:16:02,160 Speaker 4: We're waiting for deliveries to come to the whole silers, 264 00:16:02,320 --> 00:16:03,760 Speaker 4: so the whole silers. 265 00:16:03,320 --> 00:16:04,200 Speaker 1: Can then fall up. 266 00:16:04,840 --> 00:16:06,840 Speaker 4: We can fall up at the whole cell fights. 267 00:16:06,920 --> 00:16:08,200 Speaker 2: So that's that's my question. 268 00:16:09,200 --> 00:16:10,520 Speaker 1: Thank you for the question. Warren. 269 00:16:11,120 --> 00:16:16,040 Speaker 2: Have a funny so e Clement. When you plan for 270 00:16:16,560 --> 00:16:20,440 Speaker 2: your demands, when you plan to supply your own market 271 00:16:21,240 --> 00:16:26,120 Speaker 2: as a supplier, the only thing that is clear to 272 00:16:26,200 --> 00:16:30,480 Speaker 2: you is the contracted volumes. So you plan for the 273 00:16:30,560 --> 00:16:34,360 Speaker 2: people that you have i mean commercial supply agreements with 274 00:16:35,560 --> 00:16:40,160 Speaker 2: only if you've got volumes, I mean, after you've serviced 275 00:16:40,720 --> 00:16:44,680 Speaker 2: all the contracted volumes, then that's what you will normally 276 00:16:44,720 --> 00:16:47,600 Speaker 2: sell on the spot to people that are not contracted 277 00:16:47,760 --> 00:16:50,720 Speaker 2: to you. That's just how you plan, because if you 278 00:16:50,760 --> 00:16:53,160 Speaker 2: can't plan for the demand that you don't know for 279 00:16:53,200 --> 00:16:56,240 Speaker 2: people who don't always bly to you. So it's just 280 00:16:56,400 --> 00:17:00,000 Speaker 2: like the way planning it works in the industry. You 281 00:17:00,200 --> 00:17:04,159 Speaker 2: only have a definite amount of volume that you can 282 00:17:04,240 --> 00:17:08,280 Speaker 2: plan for on the basinis of the contract that you have. 283 00:17:10,240 --> 00:17:13,760 Speaker 1: Yeah, no, got it. A funny, chief Fulara, thank you 284 00:17:13,800 --> 00:17:16,679 Speaker 1: so much for speaking to us. I really appreciate it. 285 00:17:16,680 --> 00:17:20,600 Speaker 1: And Warrant Tuck. I hope that just answers your question. 286 00:17:20,760 --> 00:17:24,680 Speaker 1: Our funny is the chief executive at the Full Industry 287 00:17:24,720 --> 00:17:29,399 Speaker 1: Association of South Africa. So are you satisfied with that? 288 00:17:30,000 --> 00:17:35,200 Speaker 1: They seem to say, we don't have a reason to panic, 289 00:17:35,760 --> 00:17:39,560 Speaker 1: so come down there, that's their message and wait for 290 00:17:39,640 --> 00:17:43,000 Speaker 1: our messaging. We still have lots of supply. We're not 291 00:17:43,160 --> 00:17:46,479 Speaker 1: running out. In fact, he says that together with government, 292 00:17:46,520 --> 00:17:50,199 Speaker 1: they've been trying to communicate that we are sorted for 293 00:17:50,240 --> 00:17:52,600 Speaker 1: about two months. So the month of April is fine, 294 00:17:52,640 --> 00:17:55,879 Speaker 1: the month of May, even June, and what they're trying 295 00:17:55,920 --> 00:17:58,520 Speaker 1: to plan for now is the month of July. Should 296 00:17:58,520 --> 00:18:02,920 Speaker 1: this war in the Middle East prolonged further. So that's 297 00:18:02,960 --> 00:18:06,440 Speaker 1: what they're saying. I wonder if it helps you out 298 00:18:06,560 --> 00:18:07,280 Speaker 1: in any way.