Draft Petroleum Products Amendment Bill, 2022
A notice of intention to introduce the Petroleum Products Amendment Bill, 2022, a private member’s Bill into Parliament was published under general notice 1142 in gazette number 46688 on 8 July 2022.
The following information is provided by the government gazette notice:
“Mr Kevin Mileham, MP, acting in accordance with section 73(2) of the Constitution of the Republic of South Africa, 1996, intends to introduce the Petroleum Products Amendment Bill, 2022, (“the Bill”) in Parliament. An explanatory summary of the Bill is hereby published in accordance with Rule 276(1)(c) of the Rules of the National Assembly (9th Edition). The Petroleum Products Act, 1977 (Act No. 120 of 1977) (“the Act”) provides the Minister with the power to prescribe the price of petroleum products, and to regulate or prohibit business practices which may influence or affect, directly or indirectly, the purchase or selling price of petroleum products at any outlet. The Bill will seek to amend and remove provisions contained throughout the Act, which directly and indirectly provide the Minister with the ability to determine or influence the price of petroleum products in South Africa. The Bill will de-regulate the fuel sector in South Africa, thereby allowing fuel retailers to determine their own prices. This will result in lower fuel prices as retailers compete to attract customers.”
Comments are invited within 30 days of publication.
A copy of the Bill is available at:
Posted: 20 July 2022