Government takes the first step in deregulating petrol prices

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The Department of Mineral and Resources has officially begun the formal process of deregulating petrol prices in South Africa.

This follows Energy Minister Gwede Mantashe publishing a government gazette on Friday, 22 July 2022, where he asked the public to share their input on his intention to introduce a price cape for petrol (93 octane).

Currently, the Government decides on the petrol prices. However, if the government gazette gains traction, fuel retailers will be able to set the prices themselves.

Turning to the public for input, the Minister of Energy has given the public 30 days to comment on the matter.

Comments can be sent via email to FuelPricing@energy.gov.za

When making your submission, it is essential to provide the name, address, telephone number and email of the person or organisation submitting the comments. Also, all submissions must be made before 22 August 2022.

To read the full gazette, click here.

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