GCIS
Energy Minister Gwede Mantashe has gazetted a notice calling for public comment on a proposed price cap on 93 octane petrol.
The notice was published in the national gazette on Friday.
The government has been under pressure to deregulate fuel prices following constant fuel price hikes.
Earlier this month, the government hiked fuel prices which saw a litre of petrol costing R26 for the first time.
The DA's Kevin Mileham has welcomed the announcement but says the proposed intervention does not go far enough.
He says they believe that a full deregulation model, which goes beyond a price ceiling, is most desirable for consumers and producers alike.
Mileham says they will be tabling a Bill in Parliament which goes beyond a price ceiling by allowing for full deregulation of the market.
- Jacaranda FM
