*Product
Petrol: 93 ULP and LRP: 39 000 cents per litre decrease in retail price
Petrol 95 ULP and LRP: 40 000 cents per litre decrease in retail price
Diesel 0.05 percent sulphur: 32 500 cents per litre decrease in wholesale price
Diesel 0.005 percent sulphur: 33 500 cents per litre decrease in wholesale price
Illuminating paraffin (wholesale): 27 500 cents per litre decrease in wholesale price
Illuminating paraffin (SMNRP): 37.000 cents per litre decrease in the single maximum national retail price (SMNRP)
2. Economic factors affecting the unit over and under- recoveries for the period 28 August 2009 to 1 October 2009
During the period under review, the average international product prices of petrol, diesel and illuminating paraffin decreased.
The average rand to United States dollar exchange rate strengthened when compared to the previous period. The average rand to United States dollar exchange rate for the period 28 August 2009 to 1 October 2009 was 7,5764 compared to 7,9913 during the previous period.
3. Increase in wholesale margin and service deferential
The Minister of Energy approved an increase of 6,2 cents per litre in the wholesale margin and an increase of 1,3 cents per litre in the service differentials applicable in the price structures of all grades of petrol, all grades of diesel and illuminating paraffin with effect from 7 October 2009.
4. Single maximum national retail price for illuminating paraffin (SMNRP)
The Minister of Minerals and Energy approved the implementation of a Single Maximum National Retail Price for illuminating paraffin with effect from 2 April 2003. The single maximum national retail price for illuminating paraffin will change on a monthly basis from the first Wednesday of each month and will also be promulgated in the Government Gazette. The single maximum national retail price with effect from 7 October 2009 to 3 November 2009 will be 620,0 cents per litre compared to 657,0 cents per litre from 2 September 2009 to 6 October 2009, that is a decrease of 37,00 cents per litre.
5. Maximum Liquefied Petroleum Gas Safety Association (LPGAS) refinery gate price
The maximum refinery gate price will be R4 936.95 per metric ton (274.00 cents per litre) for the period 7 October 2009 to 3 November 2009.
6. Price adjustments
In terms of the agreed mechanism:
* Price changes are adjusted in such a manner that the over-or under-recovery during the prior month will be corrected in the following month and
* The unit over or under recoveries are rounded up or down to the nearest full cent so that the effect of rounding contributes to the clearing of the cumulative balance of the individual products on the slate
* In order to manage a negative balance in the cumulative over / (under)-recovery account (the Slate), a self-adjusting slate levy mechanism (SLM) was implemented with effect from 7 January 2009 (the SLM is available on the website of the Department of Minerals and Energy). A Slate levy will only be applicable on all petrol and diesel grades if the slate balance is negative (cumulative under recovery) by more than R250 million
7. Breakdown of price adjustments
The price adjustments in (one) above are based on the following actual data:
* Average product over/ (under)-recovery, measured for the 25 days from 28 August 2009 to 1 October 2009 (cents peer litre) as detailed below
Petrol 95 ULP: 46.829
Diesel 0.05 percent: 39.567
Diesel 0.005 percent: 40.356
Illuminating paraffin: 35.130
* Cumulative positive or negative slate balances end of August 2009 (R-million)
Petrol 95 ULP: 7680175
Diesel 0.05 percent: 620.780
Diesel 0.005 percent: 620.780
Illuminating paraffin: (101.199)
The price adjustments consist of the following elements
* Average product over/ (under)-recovery rounded to the nearest full cent for price increase or decrease
Petrol 95 ULP: 47 cents per litre
Diesel 0.05 percent: 40 cents per litre
Diesel 0.005 percent: 41 cents per litre
Illuminating paraffin: 35 cents per litre
* Increase on wholesale margin on petrol, diesel and illuminating paraffin
Petrol 95 ULP: (6.200) cents per litre
Diesel 0.05 percent: (6.200) cents per litre
Diesel 0.005 percent: (6.200) cents per litre
Illuminating paraffin: (6.200) cents per litre
* Increase on services differential on petrol, diesel and illuminating paraffin
Petrol 95 ULP: (1.300) cents per litre
Diesel 0.05 percent: (1.300) cents per litre
Diesel 0.005 percent: (1.300) cents per litre
Illuminating paraffin: (1.300) cents per litre
* Rounding on petrol
Petrol 95 ULP; cents per litre: 0.500
Total price increase or decrease
Petrol 95 ULP: 40.000 cents per litre
Diesel 0.05 percent: 32.500 cents per litre
Diesel 0.005 percent: 33.500 cents per litre
Illuminating paraffin: 27.500 cents per litre
8. Report of the independent auditors
The report of the independent auditors is available on request.
9. Analysis of the elements that resulted in the over or under-recoveries
The over or under-recoveries for the period under review were affected by the factors set out below, which can be quantified as follows:
* Movements in external factors
Movement in international product prices
Petrol: 25.931 cents per litre
Diesel 0.05 percent: 18.601 cents per litre
Diesel 0.005 percent: 19.199 cents per litre
Illuminating paraffin: 14.350 cents per litre
Movement in Exchange Rate
Petrol: 20.898 cents per litre
Diesel 0.05 percent: 20.966 cents per litre
Diesel 0.005 percent: 21.157 cents per litre
Illuminating paraffin: 20.781 cents per litre
* Over or under-recovery for the period 28 August 2009 to 1 October 2009
Petrol: 46.829 cents per litre
Diesel 0.05 percent: 39.567 cents per litre
Diesel 0.005 percent: 40.356 cents per litre
Illuminating paraffin: 35.130 cents per litre
10. Annexure
The annexure attached contains details of the composition of product prices as well as history of the price changes.
Annexure 1
Composition of the retail price of petrol and the wholesale prices for diesel and IP in Gauteng for the period 7 October 2009 to 3 November 2009 will be as follows:
Wholesale margin
Petrol 95 ULP: 51.087 cents per litre
Petrol 93 ULP and LRP: 50.868 cents per litre
Diesel 0.05 percent S: 50.860 cents per litre
Diesel 0.005 percent S: 50.860 cents per litre
Illuminating paraffin: 51.072 cents per litre
Service cost recoveries
Petrol 95 ULP: 10.800 cents per litre
Petrol 93 ULP and LRP: 10.800 cents per litre
Diesel 0.05 percent S: 10.800 cents per litre
Diesel 0.005 percent S: 10.800 cents per litre
Illuminating paraffin: 18.200 cents per litre
Storage handling and delivery costs
Petrol 95 ULP: 10.800 cents per litre
Petrol 93 ULP and LRP: 10.800 cents per litre
Diesel 0.05 percent S: 10.800 cents per litre
Diesel 0.005 percent S: 10.800 cents per litre
Illuminating paraffin: 10.800 cents per litre
Distribution cost
Petrol 95 ULP: 0 cents per litre
Petrol 93 ULP and LRP: 0 cents per litre
Diesel 0.05 percent S: 0 cents per litre
Diesel 0.005 percent S: 0 cents per litre
Illuminating paraffin: 7.400 cents per litre
Dealers’ margin
Petrol 95 ULP: 72.700 cents per litre
Petrol 93 ULP and LRP: 72.700 cents per litre
Diesel 0.05 percent S: 0 cents per litre
Diesel 0.005 percent S: 0 cents per litre
Illuminating paraffin: 0 cents per litre
Zone differential in Gauteng
Petrol 95 ULP: 14.400 cents per litre
Petrol 93 ULP and LRP: 14.400 cents per litre
Diesel 0.05 percent S: 14.400 cents per litre
Diesel 0.005 percent S: 14.400 cents per litre
Illuminating paraffin: 29.800 cents per litre
IP tracer levy
Petrol 95 ULP: 0 cents per litre
Petrol 93 ULP and LRP: 0 cents per litre
Diesel 0.05 percent S: 0.010 cents per litre
Diesel 0.005 percent S: 0.010 cents per litre
Illuminating paraffin: 0 cents per litre
Fuel levy
Petrol 95 ULP: 150.000 cents per litre
Petrol 93 ULP and LRP: 150.000 cents per litre
Diesel 0.05 percent S: 135.000 cents per litre
Diesel 0.005 percent S: 135.000 cents per litre
Illuminating paraffin: 0 cents per litre
Customs and excise duty
Petrol 95 ULP: 4.000 cents per litre
Petrol 93 ULP and LRP: 4.000 cents per litre
Diesel 0.05 percent S: 4.000 cents per litre
Diesel 0.005 percent S: 4.000 cents per litre
Illuminating paraffin: 0
Road Accident Fund (RAF) levy
Petrol 95 ULP: 64.000 cents per litre
Petrol 93 ULP and LRP: 64.000 cents per litre
Diesel 0.05 percent S: 64.000 cents per litre
Diesel 0.005 percent S: 64.000 cents per litre
Illuminating paraffin: 0 cents per litre
Petroleum products levy
Petrol 95 ULP: 0.150 cents per litre
Petrol 93 ULP and LRP: 0.150 cents per litre
Diesel 0.05 percent S: 0.150 cents per litre
Diesel 0.005 percent S: 0.150 cents per litre
Illuminating paraffin: 0 cents per litre
Slate levy
Petrol 95 ULP: 0 cents per litre
Petrol 93 ULP and LRP: 0 cents per litre
Diesel 0.05 percent S: 0 cents per litre
Diesel 0.005 percent S: 0 cents per litre
Illuminating paraffin: 0 cents per litre
Directory Services Markup language (DSML)
Petrol 95 ULP: 10.000 cents per litre
Petrol 93 ULP and LRP: 0 cents per litre
Diesel 0.05 percent S: 0 cents per litre
Diesel 0.005 percent S: 0 cents per litre
Illuminating paraffin: 0 cents per litre
Equalisation fund levy
Petrol 95 ULP: 0 cents per litre
Petrol 93 ULP and LRP: 0 cents per litre
Diesel 0.05 percent S: 0 cents per litre
Diesel 0.005 percent S: 0 cents per litre
Illuminating paraffin: 0 cents per litre
Incremental inland transport
Recovery levy
Petrol 95 ULP: 3.000 cents per litre
Petrol 93 ULP and LRP: 3.000 cents per litre
Diesel 0.05 percent S: 3.000 cents per litre
Diesel 0.005 percent S: 3.000 cents per litre
Sub-total
Petrol 95 ULP: 379.737 cents per litre
Petrol 93 ULP and LRP: 369.518 cents per litre
Diesel 0.05 percent S: 281.820 cents per litre
Diesel 0.005 percent S: 281.820 cents per litre
Illuminating paraffin: 99.072 cents per litre
* Contribution to basic fuel price
Petrol 95 ULP: 385.263 cents per litre
Petrol 93 ULP and LRP: 379.482 cents per litre
Diesel 0.05 percent S: 386.630 cents per litre
Diesel 0.005 percent S: 390.030 cents per litre
Illuminating paraffin: 382.128 cents per litre
* Retail price
Petrol 95 ULP: 765 cents per litre
Petrol 93 ULP and LRP: 749 cents per litre
* Wholesale price
Diesel 0.05 percent S: 668.45 cents per litre
Diesel 0.005 percent S: 671.85 cents per litre
Illuminating paraffin: 481.20 cents per litre
The wholesale price of fuel is regulated, but not the retail price
Annexure A
Statistics of price changes
Effective from: 3 January 2007
* Petrol 95 ULP
Gauteng SA: 598 cents per litre
Coast SA: 574 cents per litre
* Diesel
Gauteng SA: 551.10 cents per litre
Coast SA: 537.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 447.20 cents per litre
Coast SA: 424.20 cents per litre
Effective from: 7 February 2007
* Petrol 95 ULP
Gauteng SA: 575 cents per litre
Coast SA: 551 cents per litre
* Diesel
Gauteng SA: 542.10 cents per litre
Coast SA: 528.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 421.20 cents per litre
Coast SA: 398.20 cents per litre
Effective from: 7 March 2007
* Petrol 95 ULP
Gauteng SA: 599 cents per litre
Coast SA: 575 cents per litre
* Diesel
Gauteng SA: 552.10 cents per litre
Coast SA: 538.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 431.20 cents per litre
Coast SA: 408.20 cents per litre
Effective from: 4 April 2007
* Petrol 95 ULP
Gauteng SA: 667 cents per litre
Coast SA: 643 cents per litre
* Diesel
Gauteng SA: 590.10 cents per litre
Coast SA: 576.60 cents per litre
* Illuminating Paraffin
Gauteng SA: 462.10 cents per litre
Coast SA: 438.20 cents per litre
Effective from: 2 May 2007
* Petrol 95 ULP
Gauteng SA: 701 cents per litre
Coast SA: 611 cents per litre
* Diesel
Gauteng SA: 620.30 cents per litre
Coast SA: 606.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 480.10 cents per litre
Coast SA: 456.20 cents per litre
Effective from: 6 June 2007
* Petrol 95 ULP
Gauteng SA: 724 cents per litre
Coast SA: 700 cents per litre
* Diesel
Gauteng SA: 625.30 cents per litre
Coast SA: 611.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 482.10 cents per litre
Coast SA: 458.20 cents per litre
Effective from: 4 July 2007
* Petrol 95 ULP
Gauteng SA: 716 cents per litre
Coast SA: 692 cents per litre
* Diesel
Gauteng SA: 636.30 cents per litre
Coast SA: 622.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 499.10 cents per litre
Coast SA: 475.20 cents per litre
Effective from: 1 August 2007
* Petrol 95 ULP
Gauteng: 701 cents per litre
Coast SA: 677 cents per litre
* Diesel
Gauteng SA: 651.30 cents per litre
Coast SA: 637.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 506.10 cents per litre
Coast SA: 482.20 cents per litre
Effective from: 5 September 2007
* Petrol 95 ULP
Gauteng SA: 691 cents per litre
Coast SA: 667 cents per litre
* Diesel
Gauteng SA: 656.30 cents per litre
Coast SA: 642.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 506.10 cents per litre
Coast SA: 482.20 cents per litre
Effective from: 3 October 2007
* Petrol 95 ULP
Gauteng SA: 701 cents per litre
Coast SA: 677 cents per litre
* Diesel
Gauteng SA: 679.30 cents per litre
Coast SA: 665.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 519.10 cents per litre
Coast SA: 495.20 cents per litre
Effective from: 7 November 2007
* Petrol 95 ULP
Gauteng SA: 704 cents per litre
Coast SA: 680 cents per litre
* Diesel
Gauteng SA: 673.30 cents per litre
Coast SA: 659.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 529.10 cents per litre
Coast SA: 505.20 cents per litre
Effective from: 5 December 2007
* Petrol 95 ULP
Gauteng SA: 747 cents per litre
Coast SA: 723 cents per litre
* Diesel
Gauteng SA: 724.30 cents per litre
Coast SA: 710.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 587.10 cents per litre
Coast SA: 563.20 cents per litre
Effective from: 2 January 2008
* Petrol 95 ULP
Gauteng SA: 747 cents per litre
Coast SA: 723 cents per litre
* Diesel
Gauteng SA: 725.30 cents per litre
Coast SA: 711.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 578.10 cents per litre
Coast SA: 554.20 cents per litre
Effective from: 6 February 2008
* Petrol 95 ULP
Gauteng SA: 764 cents per litre
Coast SA: 740 cents per litre
* Diesel
Gauteng SA: 732.30 cents per litre
Coast SA: 718.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 580.10 cents per litre
Coast SA: 556.20 cents per litre
Effective from: 5 March 2008
* Petrol 95 ULP
Gauteng SA: 825 cents per litre
Coast SA: 801 cents per litre
* Diesel
Gauteng SA: 810.30 cents per litre
Coast SA: 796.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 656.10 cents per litre
Coast SA: 632.20 cents per litre
Effective from: 2 April 2008
* Petrol 95 ULP
Gauteng SA: 891 cents per litre
Coast SA: 867 cents per litre
* Diesel
Gauteng SA: 938.30 cents per litre
Coast SA: 924.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 774.10 cents per litre
Coast SA: 750.20 cents per litre
Effective from: 7 May 2008
* Petrol 95 ULP
Gauteng SA: 946 cents per litre
Coast SA: 922 cents per litre
* Diesel
Gauteng SA: 1009.30 cents per litre
Coast SA: 995.50 cents per litre
* Illuminating paraffin
Gauteng SA: 829.60 cents per litre
Coast SA: 805.70 cents per litre
Effective from: 4 June 2008
* Petrol 95 ULP
Gauteng SA: 996 cents per litre
Coast SA: 972 cents per litre
* Diesel
Gauteng SA: 1 080.30 cents per litre
Coast SA: 1 066.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 900.60 cents per litre
Coast SA: 876.60 cents per litre
Effective from: 2 July 2008
* Petrol 95 ULP
Gauteng SA: 1 070 cents per litre
Coast SA: 1 040 cents per litre
* Diesel
Gauteng SA: 1 143.30 cents per litre
Coast SA: 1 129.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 949.60 cents per litre
Coast SA: 925.70 cents per litre
Effective from: 6 August 2008
* Petrol 95 ULP
Gauteng SA: 1 040 cents per litre
Coast SA: 1 010 cents per litre
* Diesel
Gauteng SA: 1 127.30 cents per litre
Coast SA: 1 113.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 953 cents per litre
Coast SA: 929.10 cents per litre
Effective from: 3 September 2008
* Petrol 95 ULP
Gauteng SA: 966 cents per litre
Coast SA: 942 cents per litre
* Diesel
Gauteng SA; cents per litre: 983.30
Coast SA; cents per litre: 969.50
* Illuminating Paraffin
Gauteng SA: 807 cents per litre
Coast SA: 783.10 cents per litre
Effective from: 1 October 2008
* Petrol 95 ULP
Gauteng SA: 941 cents per litre
Coast SA: 917 cents per litre
* Diesel
Gauteng SA: 927.30 cents per litre
Coast SA: 913.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 742 cents per litre
Coast SA: 718.10 cents per litre
Effective from: 5 November 2008
* Petrol 95 ULP
Gauteng SA: 896 cents per litre
Coast SA: 872 cents per litre
* Diesel
Gauteng SA: 903.30 cents per litre
Coast SA: 889.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 703 cents per litre
Coast SA: 679.10 cents per litre
Effective from: 3 December 2008
* Petrol 95 ULP
Gauteng SA: 735 cents per litre
Coast SA: 711 cents per litre
* Diesel
Gauteng SA: 822.30 cents per litre
Coast SA: 808.50 cents per litre
* Illuminating Paraffin
Gauteng SA: 628 cents per litre
Coast SA: 604.10 cents per litre
Effective from: 7 January 2009
* Petrol 95 ULP
Gauteng SA: 601 cents per litre
Coast SA: 576 cents per litre
* Diesel
Gauteng SA: 654.35 cents per litre
Coast SA: 639.65 cents per litre
* Illuminating Paraffin
Gauteng SA: 496.70 cents per litre
Coast SA: 467.60 cents per litre
Effective from: 4 February 2009
* Petrol 95 ULP
Gauteng SA: 662 cents per litre
Coast SA: 637 cents per litre
* Diesel
Gauteng SA: 649.35 cents per litre
Coast SA: 639.65 cents per litre
* Illuminating Paraffin
Gauteng SA: 482.70 cents per litre
Coast SA: 453.60 cents per litre
Effective from: 4 March 2009
* Petrol 95 ULP
Gauteng SA: 707 cents per litre
Coast SA: 682 cents per litre
* Diesel
Gauteng SA; cents per litre: 611.35
Coast SA; cents per litre: 496.65
* Illuminating Paraffin
Gauteng SA: 456.70 cents per litre
Coast SA: 427.60 cents per litre
Effective from: 1 April 2009
* Petrol 95 ULP
Gauteng SA: 738 cents per litre
Coast SA: 713 cents per litre
* Diesel
Gauteng SA: 650.85 cents per litre
Coast SA: 636.15 cents per litre
* Illuminating Paraffin
Gauteng SA: 451.70 cents per litre
Coast SA: 422.60 cents per litre
Effective from: 6 May 2009
* Petrol 95 ULP
Gauteng SA: 735 cents per litre
Coast SA: 710 cents per litre
* Diesel
Gauteng SA: 658.85 cents per litre
Coast SA: 644.15 cents per litre
* Illuminating Paraffin
Gauteng SA: 464.70 cents per litre
Coast SA: 435.60 cents per litre
Effective from: 3 June 2009
* Petrol 95 ULP
Gauteng SA: 750 cents per litre
Coast SA: 727 cents per litre
* Diesel
Gauteng SA: 645.95 cents per litre
Coast SA: 632.65 cents per litre
* Illuminating Paraffin
Gauteng SA: 455.70 cents per litre 70
Coast SA: 426.60 cents per litre
Effective from: 1 July 2009
* Petrol 95 ULP
Gauteng SA: 790 cents per litre
Coast SA: 767 cents per litre
* Diesel
Gauteng SA: 685.95 cents per litre
Coast SA: 672.65 cents per litre
* Illuminating Paraffin
Gauteng SA: 501.70 cents per litre
Coast SA: 472.60 cents per litre
Effective from: 5 August 2009
* Petrol 95 ULP
Gauteng SA: 769 cents per litre
Coast SA: 746 cents per litre
* Diesel
Gauteng SA: 665.95 cents per litre
Coast SA: 652.65 cents per litre
* Illuminating Paraffin
Gauteng SA: 487.70 cents per litre
Coast SA: 458.60 cents per litre
Effective from: 2 September 2009
* Petrol 95 ULP
Gauteng SA: 805 cents per litre
Coast SA: 782 cents per litre
* Diesel
Gauteng SA: 700.95 cents per litre
Coast SA: 687.65 cents per litre
* Illuminating Paraffin
Gauteng SA: 508.70 cents per litre
Coast SA: 479.60 cents per litre
Effective from: 7 October 2009
* Petrol 95 ULP
Gauteng SA: 765 cents per litre
Coast SA: 742 cents per litre
* Diesel
Gauteng SA: 668.45 cents per litre
Coast SA: 655.15 cents per litre
* Illuminating Paraffin
Gauteng SA: 481.20 cents per litre
Coast SA: 452.10 cents per litre
Issued by: Department of Energy
2 October 2009
