The South African chemicals and energy company Sasol has marked a decline in its sales of petrol and diesel – white product liquid fuel – from 59mb in June 2015 to 58mb in June 2016, informed eNCA. The overall fuel sales include chemicals like bitumen, which rose to 2.5mb from 2.3mb, in the same period. On the other hand, Sasol’s total liquid fuel sales of 61.3mb were 2% higher than initial estimates.
As a result, Sasol issued a trading statement warning its shareholders that the company’s headline earnings per share were expected to fall by up to 30% from the previous year, according to Business Day Live.
Meanwhile, Sasol’s Secunda synfuel plant increased production by 1% to 33.2mb and its Natref refinery filed a rise of 1.4% to 21.2mb in output.