SAPIA has told Parliament that if petrol increases above the current oil regulatory mechanism which sets the basic fuel price, the security of the supply chain in distributing the required products will be threatened.
“If prices rise to a point where there is a disconnect to what the government is already regulating or using to set the basic fuel price-it means therefore you have got a problem. Therefore it becomes not possible or like very difficult for the companies to buy products at the international market.”“If the prices like I mean are not rapid, increasing like more than what we have now-the slate can be positive, and when it is positive, that benefit gets passed on to the motorist.
South African Oil and Gas Alliance’s Craig Morkel says this issue of petrol price increases needs a long-term approach.
africaupdates This is where wisdom and genuine concern for the wellbeing of the citizens are palpable. In Nigeria, diesel and aviation fuel can go up the skies, nobody cares. Petrol was manageable because of threats of protests.
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