Fuel price: Radebe confirms government still has no plan
21 August 2018
Today at a meeting of the Energy Portfolio Committee in Parliament, Minister Jeff Radebe offered no plan to reduce the high cost of petrol.
This was a slight improvement on last week when the Minister and his officials didn’t even turn up for the meeting.
However, the outcome of both meetings was essentially the same: we are no closer to knowing what government is planning to do about the high fuel price.
It is true that there is no quick fix to curb the high cost of petrol. High oil prices set by OPEC are out of our control. And the rand-dollar exchange rate is determined, to an extent, by exogenous factors.