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Podcast  >  Morning Run  >  Current Affairs  >  Petrol Pricing - Pumping Frustration

Petrol Pricing - Pumping Frustration

Hashim Othman

12-Mar-15 08:35

Petrol Pricing - Pumping Frustration

In December, the government unveiled a new fuel pricing mechanism to ensure prices at the pump mirror global crude oil prices. Consumers are benefitting from the current low prices, but petrol dealers are not keen on the system, as it leaves them at a significant disadvantage. We explore how the float works and how dealers are affected, especially with the impending Goods and Services Tax.

Nadia Aziz contributed to this report.



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Tags:  petrolfuel priceoilcrude oilEnergy, EnvironmentEconomy, MarketsPolitics, Current Affairs

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