Energy minister Gwede Mantashe quietly started the process of moving to a maximum price – instead of a set price – for 93 octane petrol. That will allow retailers to discount as they see fit. | BISouthAfrica
Energy minister Gwede Mantashe on Friday gazetted his"intention to introduce a price cap" for 93 octane.
On Friday, energy minister Gwede Mantashe published a brief notice on page 106 of the weekly Government Gazette, asking for comment on his "intention to introduce a price cap" for 93 octane.Mantashe's signature is dated 30 June, which means he has been sitting on the notice for three weeks. Moving to a maximum price, or price cap, would allow petrol retailers to discount fuel however they see fit, with price specials, bundles, or volume discounts.
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