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

Author

Listed:
  • Rod Crompton
  • Midesh Sing
  • Vernon Filter
  • Nonhlanhla Msimango

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.

Suggested Citation

  • Rod Crompton & Midesh Sing & Vernon Filter & Nonhlanhla Msimango, 2020. "Petrol price regulation in South Africa: Is it meeting its intended objectives?," WIDER Working Paper Series wp-2020-140, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2020-140
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    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2020-140.pdf
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    References listed on IDEAS

    as
    1. George J. Stigler, 1971. "The Theory of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 3-21, Spring.
    2. Ashley C. Brown & Jon Stern & Bernard Tenenbaum, 2006. "Handbook for Evaluating Infrastructure Regulatory Systems," World Bank Publications - Books, The World Bank Group, number 7030, December.
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    Cited by:

    1. Chris Loewald & Konstantin Makrelov & Ekaterina Pirozhkova, 2022. "TheshorttermcostsofreducingtrendinflationinSouthAfrica," Working Papers 11029, South African Reserve Bank.

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    More about this item

    Keywords

    Prices; South Africa; Deregulation; Regulatory; Accounting;
    All these keywords.

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