South Africa hasn’t achieved its policy objective of deregulating the fuel price because vested interests have opposed this, and the government doesn’t have the political will to implement the policy.
At the start of December, South Africa saw its latest fuel price increase push the price of petrol to over R20 a litre in some parts of the country, its highest level yet. This caused an outcry. Energy sector expert Rod Crompton explains how the fuel price is calculated.
South Africa hasn’t achieved its policy objective of deregulating the fuel price because vested interests have opposed this, and the government doesn’t have the political will to implement the policy.