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Unregulated petrol market would be death of transformation, says association

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Fuel Retailers Association points out that the proposals would threaten the viability of new black businesses

A deregulated petrol market would have a devastating effect on transformation and the viability of emergent retailers, the Fuel Retailers Association says.

Finance minister Enoch Godongwana and mineral resources & energy minister Gwede Mantashe announced a number of proposed measures, which could take effect from June 1. They include the introduction of a price cap on 93 octane petrol, which would allow retailers to sell at a price below the regulated price. This would introduce competition into the petrol market...

 

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'This is full deregulation' says Godongwana on fuel price | Fin24Finance Minister Enoch Godongwana announced a reduction in the fuel tax of R1.50 for April and May. But in the bigger scheme of things, he also opened the way to deregulation of the fuel price, which has long been avoided in SA. | politicsblahbla Fin24
Source: News24 - 🏆 4. / 80 Read more »