DA submits fuel price deregulation bill to Parliament

In a bid to strip the government off its power to prescribe the price of petroleum products, the Democratic Alliance (DA) has submitted a fuel price deregulation bill to Parliament to amend the Petroleum Products Act.

The latest steep announcement in the price of petrol by the Department of Mineral Resources and Energy has left South Africans feeling dejected at the ever-rising cost of living.

The price of petrol will increase by up to R2.57 per litre, diesel by up to R2.31 while illuminating paraffin will see an R1.66 per litre hike.

The DA said the fuel price-controlled mandated by the government had killed competition and failed to deliver efficient cost-reflective fuel prices.

The party’s Kevin Mileham said: “The primary objective of this bill is to deregulate the fuel sector, so as to increase competition in fuel price-setting at both the wholesale and retail level. It is envisaged that this will result in lower petrol prices for consumers. Our bill will curtail wide-ranging powers afforded to the minister to regulate the price of petroleum, both directly and indirectly.”

-EWN

In other news – Video of Mihlali Ndamase with someone’s husband at the Durban July emerges – WATCH

It seems South African media personality, Mihlali Ndamase has found ‘true’ love in the hands of who many are saying, someone’s husband, Leeroy Sidambe. When the speculations started a few months ago, social media users slammed Miss Ndamase for what she had done to another woman, by snatching her husband.

Fast forward to this past weekend, where the event of the year, Durban July took place for the first time since the COVID-19 pandemic came out, Learn More