South Africa Proposes Mandatory Strategic Fuel Reserves To Cope With Refinery Losses

Policy mandates a dual-obligation regime requiring 60-day state and 21-day private sector strategic fuel cushions.

Overhaul addresses structural vulnerabilities after domestic refinery closures slashed local processing capacity by nearly half.

Draft counters import reliance delays, protecting the economy from projected disruption costs of R1 billion daily.

Both sectors must maintain a 70/30 crude-to-refined ratio and rotate products quarterly to prevent degradation.

South Africa Proposes Mandatory Strategic Fuel Reserves To Cope With Refinery Losses

Policy mandates a dual-obligation regime requiring 60-day state and 21-day private sector strategic fuel cushions.

Overhaul addresses structural vulnerabilities after domestic refinery closures slashed local processing capacity by nearly half.

Draft counters import reliance delays, protecting the economy from projected disruption costs of R1 billion daily.

Both sectors must maintain a 70/30 crude-to-refined ratio and rotate products quarterly to prevent degradation.

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