The Fuels Industry Association of South Africa was established in 1994 under the auspices of former president Nelson Mandela to represent the collective interests of the South African liquid fuels industry and to usher South Africa’s vital liquid fuels industry into a new democratic era.
Seelan Naidoo, Chief Executive Officer of Engen Petroleum Limited is the Chairperson of the Fuels Industry Association of South Africa for the year 2024 – 2025.
He is the 26th industry leader to chair the association since its establishment in July 1994.
The Fuels Industry Association of South Africa opened its membership in 2012 to accommodate both existing and potential marketers in the petroleum and refinery market. Membership is available to companies participating in the refining and marketing of petroleum products.
The oil industry is divided into upstream and downstream activities. Upstream refers to the exploration and production of crude oil. Downstream refers to the refining, transportation and marketing of end-user products.
The petrol retail price is regulated by government and changed every month on the first Wednesday of the month.
Under the threat from international oil sanctions in the past, the liquid fuel industry was losing less governmental intervention and regulation.
The Fuels Industry Association of South Africa takes pride in proactively engaging with key stakeholders, providing research information, expert advice and communicating the industry’s views.
For Media queries, please contact
Head Communication: Phila Mzamo
Mobile: 066 423 2319
Email: communication@fuelsindustry.org.za
press release
25 March 2022, Johannesburg – Today the South African Petroleum Industry Association (SAPIA) briefed the Portfolio Committee on Mineral Resources and Energy about the impact and experiences relating to the fuel price increases. SAPIA presented alternatives and considerations in mitigating these increases.
SAPIA notes the impact felt by consumers caused by the rising fuel prices and urges the Department of Mineral Resources and Energy (DMRE) to fast track the review of the fuel pricing system.
SAPIA says that there is little it or its members can do to alleviate price hikes without impacting the security of supply of petroleum products or jeopardising the sustainability of the industry. It says that in its consideration, the Fuel Levy is the only significant area where relief is immediately possible. This will however impact the national budget and the shortfall will need to be funded from elsewhere.
SAPIA also indicated that specific considerations are required for illuminating paraffin and that innovative ways to offer short term price relief to consumers, needs to be urgently considered. There are no levies or VAT applied to the product and it is largely used by low-income consumers. There are also no duties and levies on LPG but there is potential for short term price relief for LPG consumers through lowering or waiving VAT.
SAPIA supports a fair and transparent regulatory pricing system with periodic reviews but with stronger oversight of regulations. This is necessary to ensure that pricing mechanisms keep abreast of developments and that unacceptable practises are not allowed to proliferate in the industry.