Economic Regulation

The liquid fuels industry in South Africa is highly regulated. Currently there are licensing requirements and regulations pertaining to, among other things:

• Importation and exportation of crude oil
• Importation and exportation of petroleum products
• Importation and exportation of blending components
• Operation of petroleum pipelines, including setting of tariff structures
• Operation of storage facilities and loading facilities, including approval of tariff structures
• Manufacturing of petroleum products
• Wholesale of fuels
• Retailing of fuels, including the pump price of petrol by grade and location
• Recovery of transport costs
• Liquefied petroleum gas refinery gate price
• Retail price for illuminating paraffin
• Retail and wholesale margins
• Petroleum products specifications and standards