The opposition Democratic Alliance has submitted its Fuel Price Deregulation Bill to parliament for processing
The bill aims to amend the existing Petroleum Products Act, which gives the government the power to prescribe the price of petroleum products. The bill is set to be gazetted for public comment in the coming weeks.
Mileham said that the bill will also give increased powers to the Competition Commission, which will be tasked with keeping a close eye on the fuel price market. Should any anti-competitive practices be determined, swift investigation and remedial action will follow, he said. The adjustments announced by the Department of Mineral Resources and Energy include an increase of R2.57 to 95 petrol in Gauteng, which will push the cost of this fuel to R26.74. The increase of R2.37 to 93 petrol will push this fuel price to R26.31, all-new record high prices.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
3 Farm attacks, 1 farm murder in South Africa – June 2022 - South Africa TodayDuring June 2022, there were three farm attacks and one farm murder in South Africa. During May 2022 there were 10 attacks and 2 farm murders
Read more »
South Africa: Why the South African State Should Not Subsidise Minibus Taxi OwnersAnalysis - Millions of South Africans rely on minibus taxis to get around. Without these vehicles, people wouldn't be able to get to work, school or simply visit friends and family. Data from Statistics South Africa's Quarterly Labour Force surveys suggest that there are around 250,000 minibus taxi drivers in the country; there are likely about the same number of minibus taxis.
Read more »
South Africa: Plasma Gangs - How South Africans' Fears About Crime Created an Urban LegendAnalysis - Around the middle of 2013 a series of stories appeared in the South African press about a new phenomenon called 'plasma gangs', presented as the latest iteration of the country's crime crisis. Journalists, broadcasters, police and government spokespeople, social media users and local residents shared tales online and in mainstream media of the frightening exploits of these gangs, said to be located in Alexandra (Alex) township in the north of Johannesburg.
Read more »
South Africa hit with major petrol price hikeThe Department of Mineral Resources and Energy has announced South Africa’s fuel price increases for July.
Read more »
South Africa facing recession and downgrades if load shedding continues: InvestecSouth Africa’s economic growth faces increased risk in the coming months as prolonged load shedding is set to continue, says Investec chief economist Annabel Bishop.
Read more »
Equiano undersea Internet cable steps closer to landing in South AfricaGoogle’s Equiano submarine cable is a step closer to landing in South Africa as it touches down in a neighbouring country.
Read more »