As Eskom continues to face a diesel crisis, opportunists are reportedly looking for ways to make a quick buck.
While South Africa continues to suffer under extended and high levels of load shedding, government departments are looking for opportunities to sell diesel to Eskom at extortionate rates.EE Business Intelligence
The key issue is that the turbines are extremely costly to run, and Eskom has blown its budget for diesel procurement. The group had a budget of R7 billion for diesel in the current financial year but is likely to spend R22 billion by then. “On 6 January 2023, Eskom made a second procurement of 56 million litres of diesel from PetroSA for some R1.265 billion, which translates to a price of about R22.59 per litre — a more realistic 10% bulk discount off the retail diesel pump price in Cape Town.”
Eskom’s current normal contact prices for diesel are R23.51 per litre with PetroSA, R20.36 per litre with Engen, R20.28 per litre with Astron, and R20.22 per litre with Shell. The department also conceded that the apparent overcharging by PetroSA above the diesel pump price needed to be thoroughly investigated in the interests of Eskom and South Africa.
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