South Africa: Petrol Retailers Remain Unhappy With Fuel Retail Margin
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Tuesday, 30 September 2008 |
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Differences remain between the South African Minerals & Energy department and petrol retailers over retail margins.
Last Friday’s announcement of a 2,6c/l increase in the margin which takes affect on Wednesday is perceived as inadequate by the industry. Petrol retailers have said the low retail margin was putting a financial strain on their operations and have been lobbying the department the Fuel Retailers’ Association.
The retail margin, which is set by the department after considering factors such as service stations’ costs is meant to help petrol retailers cover these costs .
“During our discussions with the department, we were told that our requested figure was close to that which the department was considering. So we were taken by surprise by the 2,6c/l increase because our proposal was not close to that. We do not know how they got to the 2,6c/l ,” Fuel Retailers’ Association CEO Peter Morgan said.
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