The Mineral Resources and Energy Department has begun the process of introducing a price cap for 93 octane petrol.
Energy Minister Gwede Mantashe gazetted proposals for public comment today. The public has 30 days to comment before the next steps begin.
This form of deregulation will allow fuel retailers across the country to determine their own prices within certain limits.
Different stakeholders have been calling on the government to deregulate the price of fuel after fuel prices skyrocketed to record highs. Currently, the fuel levy has been reduced by 75 cents to alleviate the pressure on consumers at the petrol pumps.
Source: eNCA
In other news – American men are wild says Anele Mdoda
Anele Mdoda says American men are wild following her long vacation in USA. The radio personality had a warm welcoming party upon returning to South Africa and she shared her experiences on her radio shows.
A Twitter user got Anele spilling her feelings after the tweep claimed that Anele’s experiences with dating American men entertained her. Learn more