SA mulls Singapore as reference for basic fuel price
- By: Cheryl
- Category: Uncategorized
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South Africa’s Department of Energy proposed changes to the structure of the nation’s basic fuel price as it seeks to reduce the cost of petrol and diesel. The proposals include making Singapore the main reference market for the basic price of petrol, diesel and kerosene, removing a premium on the freight rate and reducing the coastal storage element in the calculation. The basic fuel price accounts for just under half…
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