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South Africa: Regulator extends exemption for petroleum industry

By  |  April 4, 2019

The Competition Commission has again extended an exemption to SA’s petroleum industry to proceed with agreements and practices that would ordinarily constitute cartel conduct.

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    On Thursday, the commission said the exemption for the industry, as represented by SA Petroleum Industry Association (Sapia), has been extended to June 30 2019. Sapia is a voluntary association whose members consist of major oil companies.

    An exemption, written permission by the commission to engage in a prohibited practice, has been in place since 2010, and has been extended a number of times. In terms of the Competition Act, the commission may grant an exemption for certain agreements or practices if it serves to maintain or promote exports.

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