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Designation of Petroleum Industry Extended

March 28, 2019

Department of Economic Development

28 March 2019

The designation of the petroleum industry in terms of section 10 (3)(b)(iv) of the Competition Act has been extended.

The economic development department published the extension notice in Government Gazette 42336.

The section deals with exemptions from Chapter 2 of the act on prohibited practices.

The designation of the industry has been extended for another three months until 30 June 2019.

It enables the industry to continue coordination between industry stakeholders to ensure security of liquid fuels supply to the local economy.

The department called for comment on the extension in September last year.