Today's Labour News

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petrolpumpThe Citizen reports that Energy Minister Jeff Radebe has confirmed the government is considering a maximum fixed price for unleaded petrol as a solution to the consecutive increases the country faced in recent months.  

A task team comprised of officials from the Department of Energy and the national treasury has been set up to find a solution that will help cushion the financial blow of the ever-increasing petrol price.  “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 on Thursday.  The task team has until 18 October to gather the necessary information.  This will be followed by a look into what needs to be done to make the fuel price cap a legally viable decision.  Consumers were granted a “once off” reprieve back in September after government intervention capped the fuel price increase at 5c.


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