Fuel price formula review
THE possible partial deregulation of South Africa’s fuel price appears to have moved a step closer.
The Department of Energy this week released a discussion document on the review of the basic fuel price (BFP) structure for petrol, diesel and illuminating paraffin for public comment.
Another discussion document was sent to the South African Petroleum Industry Association about the possible introduction of a maximum price for 93 octane fuel.
This would introduce competition into the fuel retailing sector and allow the different service stations to set their own price, as is currently the case with the diesel price.
It would also provide a boost to Sasol, which was the only producer of 93 octane fuel in the country.
The department said it was envisaged that the revised BFP formula would be implemented next year. |