PHOTO: ANA

Business In The News South Africa

Government mulls capping price of petrol

PARLIAMENT, October 11 – Government was considering capping the price of 93 unleaded petrol, Energy Minister Jeff Radebe said on Thursday.
 
Radebe, who joined his communications counterpart, Nomvula Mokonyane, during the post-cabinet media briefing, said they were consulting the industry on the proposal.
 
“Last week, as the department, we started a consultation process with the petroleum industry with specific reference of asking their expert advice of what the impact would be if we were to set a maximum price for 93 unleaded [petrol],” he said.
 
“We have given the industry until the 18th of October to respond to us after which we would take an appropriate decision.”
 
Radebe’s comments come as South Africans continue protesting the high cost of fuel and its impact on the poor and working class. (ANA)

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