Petrol price regulation in South Africa: Is it meeting its intended objectives?

Rod Crompton, Midesh Sing, Vernon Filter and Nonhlanhla Msimango

No wp-2020-140, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The South African liquid fuels industry is a significant part of the economy. Historically, government policy focused on import substitution industrialization to support industry margins. This approach is called into question by the 2006 shift from net exports to imports and by inflated downstream regulated margins. This study focuses on the regulated petrol price. Import parity pricing regulation has not kept pace with market changes. A policy shift in 1998 towards market-related pricing has not materialized.

Keywords: Prices; South Africa; Deregulation; Regulatory; Accounting (search for similar items in EconPapers)
Date: 2020
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