Coming soon to our platform

How does the bulk fuel auction work?

Background

The fuel wholesale business has changed significantly over the last 10 years. Several new independent fuel importers have begun to compete with oil majors, who have until recently imported the bulk of the fuel into South Africa.

Discounted bulk fuel products are now regularly available in the market, in addition to standard wholesale pricing. These originate from the industry’s requirements to move significant amounts of fuel within a limited period due to pending price fluctuations, sales campaigns, and the need to free up tankage for stock replenishment.

The Contract Purchase

Advantage to receive additional discounts on bulk fuel

Allowing you direct access to a bidding platform

Competitive bulk fuel pricing opportunities

By bidding on the MarketPlace platform you get a hassle free way to secure more customer volume’s

Reserved price

Customers can place a reserve price on a contract and are obliged to buy at least 85% of the contract volume from the winning supplier

Eliminate “Time-Wasters”

Customer volumes are packaged in bid parcels of 500 000 to 1,000,000 litres to make it worthwhile for suppliers

phone Back phone Front

How does the auction work?

Background

The fuel wholesale business has changed significantly over the last 10 years. Several new independent importers began to compete with oil majors, who had a monopoly on wholesale trading.

Discounted products are now regularly available in the market, in addition to standard wholesale pricing. These originate from price increases or to make room in storage tanks for delivery of imported product.

The Contract Purchase

Advantage to receive additional discounts

Allowing you direct access to a bidding platform

Competitive Pricing Opportunities

By bidding on the MarketPlace platform you get a hassle free way to secure more customer volume’s

Reserved Price

Customers can place a reserve price on a contract and are obliged to buy at least 85% of the contract volume from the winning supplier

Eliminate “Time-Wasters”

Customer volumes are packaged in bid parcels of 500 000 to 1,000,000 litres to make it worthwhile for suppliers

phone Back phone Front

The quickest route to the best fuel price

Significant savings in bulk buying to achieve better pricing is a proven commercial practice, which we believe will generate further significant savings for our customers.