Fuel sector set for a shake-up
Energy Minister David Mahlobo says his department is conducting an audit that will serve as a baseline for the intervention required to transform the petroleum retail sector
Intervention to transform the petroleum retail sector is on the cards, according to Energy Minister David Mahlobo. He said the Energy Department was conducting an audit that would serve as a baseline for the intervention required to transform the sector. "The department will use the Petroleum Products Act and the Liquid Fuels Charter more stringently to ensure that transformation is effected," Mahlobo said in a written reply to a parliamentary question by National Freedom Party (NFP) MP Prof Nhlanhlakayise Khubisa. The department is also aligning the charter to the broad-based black economic empowerment policy framework. It expects that a draft petroleum and liquid fuels code (including the petroleum retail subsector), along with its scorecard, will be gazetted for public comment by the end of the year.
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