Home Economy SA Energy department: Fuel price cap still under discussion

SA Energy department: Fuel price cap still under discussion

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The South African government continues to consider whether the fuel price cap proposal is profitable for the country.

Deputy director general for petroleum and petroleum products regulation at the Department of Energy, Tseliso Maqubela, said on Tuesday that the research process was still underway and was not completed yet.

“We will continue to accept submissions until March 31. From that point on we must engage with the Department of Performance Monitoring and Evaluation to ensure that there is coordination between the department and the rest of government,” Maqubela said.

The move was suggested as a way of leveling fuel price hikes that has become a burning issue, especially, at the end of 2018. However, some experts predict serious consequences for the market if the capping is implemented, claiming that it could be impossible to change the scheme in the future.

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