for subscribers

LPG sector needs better price regulation - competition watchdog

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
Competition Commissioner Tembinkosi Bonakele. (File, Bloomberg)
Competition Commissioner Tembinkosi Bonakele. (File, Bloomberg)

Cape Town – The regulated price of liquefied petroleum gas (LPG) is not monitored properly, leading to market abuse by big players and making it difficult for smaller businesses to enter the sector. 

The Competition Commission on Tuesday briefed the portfolio committee on economic development about its findings and recommendations following an inquiry into the LPG sector. 

READ: Petrol body gets more time off from Competition Act 

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.85
(-0.56)
ZAR/GBP
21.55
(-0.20)
ZAR/EUR
19.79
(-0.27)
ZAR/AUD
12.13
(-0.04)
ZAR/JPY
0.16
(-0.55)
Gold
1906.55
(-0.52)
Silver
24.24
(-3.01)
Platinum
884.27
(+0.24)
Brent Crude
42.14
(-3.94)
Palladium
2285.50
(-0.02)
All Share
53319.08
(-2.48)
Top 40
49153.11
(-2.47)
Financial 15
9519.48
(-3.27)
Industrial 25
71014.52
(-2.13)
Resource 10
53931.91
(-2.72)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1320 votes
It depends on how the funds are used.
73% - 8688 votes
No. We should have gotten the loan elsewhere.
16% - 1915 votes
Vote