Petrol, diesel and jet fuel are still imported by oil companies on a commercial basis only
In 2005, after SA suffered a diesel shortage, the Moerane commission made strategic recommendations regarding refined fuels. While there is a strategic oil reserve in Saldanha, refined fuels including petrol, diesel and jet fuel were and still are imported by the oil companies on a commercial, not strategic, basis.
This became important last week when the department of public enterprises, via PetroSA, “found” 50-million litres of diesel for Eskom, which had no budget to order more . The most recent consignment had been offloaded later than expected in Mossel Bay, resulting in Eskom maintaining higher levels of load-shedding. As PetroSA lacks its own stocks, the 50-million litres was probably extracted from commercial importers.
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