Government considering capping fuel price



Energy Minister Jeff Radebe has confirmed the government is considering a maximum fixed price for unleaded petrol as a solution to the consecutive increases the country faced in recent months.

A task team has been set up and has until 18 October to gather information for the government.

Fin24 reports that a task team comprised of officials from the department of energy and the national treasury has been set up to find a solution that will help cushion the financial blow of the ever-increasing petrol price.

“Government is deeply concerned by the rising cost of petrol in South Africa which is largely caused by the rand-dollar exchange rate, and the price of crude [oil],” said Radebe at a post-cabinet briefing on Thursday.

The task team has until October 18 to gather the necessary information. This will be followed by a look into what needs to be done to make the fuel price cap a legally viable decision.

Consumers were granted a “once off” reprieve back in September after government intervention capped the fuel price increase at 5c.

Source: The Citizen

The post Government considering capping fuel price by TheLeak.co.za.


Like it? Share with your friends!

leaks

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Story
Formatted Text with Embeds and Visuals
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format