Transport Department to hold talks on deregulating liquid fuels
THE Department of Energy will soon be opening discussions with the petroleum industry on deregulating liquid fuels, Tseliso Maqubela, deputy director-general of petroleum and petroleum product regulation in the department, said on Friday.He said deregulation would allow the market to set prices that would encourage investment in upgrading SA’s refinery capacity, which would address the challenge around cleaner fuels.He was responding to a warning from South African Petroleum Industry Association (Sapia) chairperson Maurice Radebe at a Sapia annual report breakfast that without government incentives and cost recovery allowances for investment in making cleaner fuels, SA’s petroleum refining industry would go the same way as its textiles and steel.SA’s textiles and steel industries were hit by competition from cheaper imports, particularly from China. The government is putting protective tariffs in place for local steel manufacturers but the local textile industry is a fraction of wha...
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