{"id":2728,"date":"2022-03-30T10:23:53","date_gmt":"2022-03-30T08:23:53","guid":{"rendered":"https:\/\/biblemedia.co\/?p=2728"},"modified":"2022-03-30T10:23:55","modified_gmt":"2022-03-30T08:23:55","slug":"committee-makes-recommendations-to-reduce-rising-fuel-prices","status":"publish","type":"post","link":"https:\/\/biblemedia.co\/index.php\/2022\/03\/30\/committee-makes-recommendations-to-reduce-rising-fuel-prices\/","title":{"rendered":"Committee makes recommendations to reduce rising fuel prices"},"content":{"rendered":"\n<p>Chairperson of the Portfolio Committee on Mineral Resources and Energy, Zet Luzipo, says urgent solutions need to be found and implemented to mitigate the impact of rising fuel prices in the country.<\/p>\n\n\n\n<p>Luzipo was addressing the committee during the tabling of the first draft of the report on fuel price increases.<\/p>\n\n\n\n<p>The report shows an \u201cexponential increase\u201d in the cost of petrol \u2013 rising from at least R15.43 in December 2019 to about R20.83 currently in coastal areas.<\/p>\n\n\n\n<p>For inland provinces, the price for petrol has now exceeded R20 and currently sits at R21.35 per litre from about some R15.88 per litre in 2019.<\/p>\n\n\n\n<p>\u201cAt that time we were dealing with fuel hikes within the context of\u2026a rise in commodity prices. Now, we are confronted with a new crisis which compounds the same work that initially was our responsibility to find a solution.<\/p>\n\n\n\n<p>\u201cBased on that we now have to deal with what we think needs to be taken into consideration what needs to be done with regards to mitigating all these issues,\u201d he said.<\/p>\n\n\n\n<p>The committee\u2019s report recommended, amongst others, that:<\/p>\n\n\n\n<ul><li>The Ministers of Finance and Mineral Resources and Energy \u201cdevelop mechanisms\u201d in response to the fuel prices;<\/li><li>The review of the fuel price structure and all its aspects be expedited;<\/li><li>There should be investment in the upstream petroleum industry;<\/li><li>The option to build a refinery should be explored; and<\/li><li>More trade of oil and gas should be encouraged and coordinated between African countries through the African Union.<\/li><\/ul>\n\n\n\n<p>Luzipo highlighted that these measures are critical in order to avoid what could be a devastating blow to those who are already struggling to make ends meet. &nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>\u201cWe all know the implications of the fuel prices. The actual person who feels the brunt at the end of the day is that individual who considers going somewhere [for example] to collect a social grant, who is going to be confronted with the fact that due to those fuel hikes, public transport becomes too expensive.<\/p>\n\n\n\n<p>\u201cIt\u2019s that individual who is going to go to the shops [and] when he wants a full basket, he is unable to do so because the costs of fuel have been transferred to\u2026products which find themselves on the shelves.<\/p>\n\n\n\n<p>\u201cIt is not just a direct incurred cost. It also affects, down the value chain, a number of our people. Including those that have got minimal to survive on,\u201d he said. \u2013&nbsp;<strong>SAnews.gov.za<\/strong><\/p>\n\n\n\n<p><em><em>Photo: <\/em><\/em>Unsplash<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chairperson of the Portfolio Committee on Mineral Resources and Energy, Zet Luzipo, says urgent solutions need to be found and implemented to mitigate the impact of rising fuel prices in the country. Luzipo was addressing the committee during the tabling of the first draft of the report on fuel price increases. The report shows an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2729,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","spay_email":""},"categories":[8],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Committee makes recommendations to reduce rising fuel prices<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/biblemedia.co\/index.php\/2022\/03\/30\/committee-makes-recommendations-to-reduce-rising-fuel-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Committee makes recommendations to reduce rising fuel prices\" \/>\n<meta property=\"og:description\" content=\"Chairperson of the Portfolio Committee on Mineral Resources and Energy, Zet Luzipo, says urgent solutions need to be found and implemented to mitigate the impact of rising fuel prices in the country. 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