Fuel price for­mula re­view

Weekend Argus (Sunday Edition) - - METRO - Busi­ness Re­port

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. |

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