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Government to Invite Comment on Plans to Cap Gasoline Prices

SOUTH AFRICA
  • Bloomberg reports that South Africa are inviting comment on plans to cap the price of 93-Octane gasoline.
  • These headlines follow the expiration of the fuel price levy subsidy that's already begun to taper off and is due to expire entirely in the coming months. This has prompted widespread discontent with the government and sporadic protests from truckers and manufacturers across SA.
  • Earlier this week data from the Central Energy Fund suggested a cut of as much as 60c in petrol and 28c in diesel in the next pricing round due to oil weakness over the period
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  • Bloomberg reports that South Africa are inviting comment on plans to cap the price of 93-Octane gasoline.
  • These headlines follow the expiration of the fuel price levy subsidy that's already begun to taper off and is due to expire entirely in the coming months. This has prompted widespread discontent with the government and sporadic protests from truckers and manufacturers across SA.
  • Earlier this week data from the Central Energy Fund suggested a cut of as much as 60c in petrol and 28c in diesel in the next pricing round due to oil weakness over the period