IDEAS home Printed from https://ideas.repec.org/p/unu/wpaper/wp-2020-140.html

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
    as

    Download full text from publisher

    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2020-140.pdf
    Download Restriction: no
    ---><---

    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 & Defne Gencer, 2006. "Handbook for Evaluating Infrastructure Regulatory Systems," World Bank Publications - Books, The World Bank Group, number 7030, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Christopher Loewald & Rudi Steinbach & Jeffrey Rakgalakane, 2025. "Less risk and more reward revising South Africas inflation target," Working Papers 11079, South African Reserve Bank.
    2. Chris Loewald & Konstantin Makrelov & Ekaterina Pirozhkova, 2022. "TheshorttermcostsofreducingtrendinflationinSouthAfrica," Working Papers 11029, South African Reserve Bank.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kumar, Shashwat, 2020. "Diffusion agents and institutional change: The variable influence of independent regulatory agencies across sectors in India," Utilities Policy, Elsevier, vol. 64(C).
    2. Hirano, Miharu, 2016. "Public participation in the global regulatory governance of water services: Global administrative law perspective on the Inspection Panel of the World Bank and amicus curiae in investment arbitration," Utilities Policy, Elsevier, vol. 43(PA), pages 21-31.
    3. Andres, Luis A. & Garrido, Juliana & Gonzalez, Julio & Marques, Rui Cunha, 2024. "Assessing regulatory governance for the water and sanitation Agencies in Brazil," Utilities Policy, Elsevier, vol. 90(C).
    4. Thamae, Leboli Z. & Thamae, Retselisitsoe I. & Thamae, Thimothy M., 2015. "Assessing a decade of regulatory performance for the Lesotho electricity industry," Utilities Policy, Elsevier, vol. 35(C), pages 91-101.
    5. Jon Stern, 2012. "The relationship between regulation and contracts in infrastructure industries: Regulation as ordered renegotiation," Regulation & Governance, John Wiley & Sons, vol. 6(4), pages 474-498, December.
    6. Estache, Antonio & Goicoechea, Ana & Trujillo, Lourdes, 2009. "Utilities reforms and corruption in developing countries," Utilities Policy, Elsevier, vol. 17(2), pages 191-202, June.
    7. Berg, Sanford V., 2013. "Best practices in regulating State-owned and municipal water utilities," Documentos de Proyectos 4079, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    8. Carmona, Miguel, 2010. "The regulatory function in public-private partnerships for the provision of transport infrastructure," Research in Transportation Economics, Elsevier, vol. 30(1), pages 110-125.
    9. Lampropoulou, Manto & Ladi, Stella, 2020. "The role and performance of independent regulatory agencies in post-crisis Greece," LSE Research Online Documents on Economics 103705, London School of Economics and Political Science, LSE Library.
    10. Recuero Virto, Laura & Gasmi, Farid & Noumba Um, Paul, 2010. "Does political accountability matter for infrastructure regulation? The case of telecommunications," MPRA Paper 28496, University Library of Munich, Germany, revised 2010.
    11. Wisuttisak, Pornchai, 2012. "Regulation and competition issues in Thai electricity sector," Energy Policy, Elsevier, vol. 44(C), pages 185-198.
    12. Berg, Sanford V. & Jiang, Liangliang & Lin, Chen, 2012. "Regulation and corporate corruption: New evidence from the telecom sector," Journal of Comparative Economics, Elsevier, vol. 40(1), pages 22-43.
    13. Duncan Chaplin & Delia Welsh & Arif Mamun & Nick Ingwersen & Kristine Bos & Erin Crossett & Poonam Ravindranath & Dara Bernstein & William Derbyshire, "undated". "Ghana Power Compact: Evaluation Design Report," Mathematica Policy Research Reports 8c1896c6f9af45f08347287c1, Mathematica Policy Research.
    14. Pollitt, Michael & Stern, Jon, 2011. "Human resource constraints for electricity regulation in developing countries: Developments since 2001," Utilities Policy, Elsevier, vol. 19(2), pages 53-60, June.
    15. Bernard Tenenbaum & Chris Greacen & Ashish Shrestha, 2024. "Mini Grid Solutions for Underserved Customers," World Bank Publications - Books, The World Bank Group, number 40923, April.
    16. Deborah F. Shmueli & Ehud Segal & Michal Ben Gal & Eran Feitelson & Amnon Reichman, 2019. "Earthquake readiness in volatile regions: the case of Israel," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 98(2), pages 405-423, September.
    17. Navroz K. Dubash & Bronwen Morgan, 2012. "Understanding the rise of the regulatory state of the South," Regulation & Governance, John Wiley & Sons, vol. 6(3), pages 261-281, September.
    18. Sanford Berg & Jacqueline Horrall, 2008. "Networks of regulatory agencies as regional public goods: Improving infrastructure performance," The Review of International Organizations, Springer, vol. 3(2), pages 179-200, June.
    19. Dhaher, Omar, 2011. "Role of institutions for effective telecommunications regulation: Palestine as a case study," 22nd European Regional ITS Conference, Budapest 2011: Innovative ICT Applications - Emerging Regulatory, Economic and Policy Issues 52212, International Telecommunications Society (ITS).
    20. Bruno Eustaquio Carvalho & Rui Cunha Marques & Oscar Cordeiro Netto, 2018. "Regulatory Impact Assessment (RIA): an Ex-Post Analysis of Water Services by the Legal Review in Portugal," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 32(2), pages 675-699, January.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:unu:wpaper:wp-2020-140. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Siméon Rapin (email available below). General contact details of provider: https://edirc.repec.org/data/widerfi.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.