The Department of Energy has approved the implementation of revised operating cost recoveries and investor margin into the price structures of petrol, diesel, illuminating paraffin and LPgas with effect from 4 January 2012.
Table 1
|
Petrol 93 ULP & LRP |
6.000 |
cents per litre decrease in retail price |
|
Petrol 95 ULP & LRP |
5.000 |
cents per litre decrease in retail price |
|
Diesel 0.05% Sulphur |
21.000 |
cents per litre decrease in wholesale price |
|
Diesel 0.005% Sulphur |
20.000 |
cents per litre decrease in wholesale price |
|
IlluminatingParaffin(Wholesale) |
25.000 |
cents per litre decrease in wholesale price |
|
IlluminatingParaffin(SMNRP) |
33.000 |
c/l decrease in the Single Maximum National Retail price (SMNRP) |
During the period under review, the average international product prices of Petrol, Diesel and Illuminating Paraffin decreased.
The average Rand/US Dollar exchange rate weakened when compared to the previous period. The average Rand/US Dollar exchange rate for the period 2 December 2011 to 28 December 2011 was 8.2122 compared to 8.1398 during the previous period. The deterioration of the Rand against the US Dollar increased the contribution to the Basic Fuels Price on petrol, diesel and illuminating paraffin by 5.31 c/l, 5.95 c/l and 5.84 c/l respectively.
The Single Maximum National Retail Price for Illuminating Paraffin for the period 4 January 2012 to 31 January 2012 will be 1 033.0c/l compared to 1 064.0 c/l for theperiod 7 December 2011 to 3 January 2012, that is a decrease of 33.00 c/l.
The maximum refinery gate price for LPgas will be R 7 857.60 per metric ton (436.09 c/l), excluding VAT, for the period 4 January 2012 to 31 January 2012.
Enquiries:
Johannes Mokobane
E-mail: johannes.mokobane@energy.gov.za / mediadesk@energy.gov.za
Tel: 012 444 4612
Cell: 082 766 3674
