When fuel prices are deregulated, prices are determined by the free market and wholesalers and retailers, such as filling stations, can decide for themselves what they charge for fuel. The wholesale and retail prices of fuel are currently regulated. Photo: Archive
“If the price is deregulated, my income and profit will fall significantly and I will eventually have to rationalise.”
But then he will have to push prices far above the regulated pump prices to keep his business afloat, he told City Press.
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