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press release

Intent to introduce fuel price cap or a maximum price for petrol 93 octane

25 July 2022, Johannesburg – In response to the gazette published by the Department of Mineral

Resources and Energy (DMRE) of the intention to introduce a price cap or a maximum price for petrol 93 octane, the South African Petroleum Industry Association (SAPIA) says that while the current system to determine fuel prices and adjustments is not flawless, it is a fair and transparent process which is documented, subject to constant review and auditable. Any changes to the present regulatory system should be conducted in a spirit of transparency and on condition that relevant consultations with industry is observed, taking into account the interests of all role players.