One of the Petroleum refining companies has decided to close its refinery and convert is into an import terminal.
The Department believes that the refineries should remain operational not just used as storage, because this approach compromises the country with respect to numerous benefits such as employment creation, skills, enterprise development and other benefits that come with local manufacturing.
With respect to the pricing issue, the planned closure of the refinery will not affect pricing because the Basic Fuel Price (BFP) assumes that the product is being imported not produced locally.