11 October 2018
Government is considering fixing a maximum price for unleaded fuel to cushion the country from escalating prices, Energy Minister Jeff Radebe said on Thursday.
"Government is deeply concerned by the rising cost of petrol in South Africa which is largely caused by the rand dollar exchange rate, and the price of crude [oil]," said Radebe at a post-Cabinet briefing.
A task team, including officials from the Department of Energy and the National Treasury, is examining what to do to cushion the blow of another increase, as the international price of crude oil has kept increasing.
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