A member of Parliament has tabled a Private Members Bill in a bid to end centralised petrol price control.
The DA’s Kevin Mileham has put forward proposed legislation, modelled on the DA’s policy.
He says the objective is to protect consumers against exorbitant fuel prices.
The Bill will primarily seek to amend the Petroleum Products Act, which the DA says government has used to stifle competition
Mileham says the bill will also task the Competition Commission to keep a close eye on the market so price gouging does not occur.
“When the industry is deregulated, competition among wholesalers and retailers will be increased. This should result in lower pricing at the pump as retailers would be allowed to compete on price to attract customers, which would be great relief for South African motorists”.
