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Govt, fuels industry mull alternative pricing framework for petrol

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Govt, fuels industry mull alternative pricing framework for petrol

Energy Minister Jeff Radebe

11th October 2018

By: African News Agency

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Government was considering capping the price of 93 unleaded petrol, Energy Minister Jeff Radebe said on Thursday.

Radebe, who joined his communications counterpart, Nomvula Mokonyane, during the post-cabinet media briefing, said they were consulting the industry on the proposal.

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"Last week, as the department, we started a consultation process with the petroleum industry with specific reference of asking their expert advice of what the impact would be if we were to set a maximum price for 93 unleaded [petrol]," he said.

"We have given the industry until the 18th of October to respond to us after which we would take an appropriate decision."

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Radebe's comments come as South Africans continue protesting the high cost of fuel and its impact on the poor and working class.

 

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