CABINET has approved, in principle, the introduction of a Bill in Parliament to repeal the Petroleum Act No. 28 of 1930, in order to align with the current dynamic changes in the Petroleum Industry. Chief Government Spokesperson Cornelius Mweetwa says the current Act has an inadequate scope and is unable to deal with emerging issues in the subsector, which include price support mechanisms, specifically uniform petroleum pricing for the purpose of mitigating high petroleum product prices in rural areas. In a statement on the decisions made by Cabinet at its meeting held on Tuesday, April 8, 2025, Mweetwa said it was envisaged that the proposed Bill would lead to more efficient and safer industry practices and ensure better management and...
