What are the pros and cons of deregulating the fuel price?

On Wednesday consumers were hit with yet another surge in the fuel price as petrol reached an all-time high of close to R17 per litre. This comes amidst other additional increases such as electricity, water, and food prices. Some energy analysis opened up the discussion around the frequent petrol increases and asked whether or not petrol should be deregulated considering that the actual fuel price is half the selling price and that the rest are additional levies which contributes to the Road Accident Fund amongst others. To unpack this, we are joined by Energy expert Ted Blom