The Minister of Energy, Ms Dipuo Peters, has approved the implementation of revised operating cost recoveries and investor margin into the price structures of petrol, diesel and illuminating paraffin with effect from 7 December 2011. The retail margin on petrol will increase from 85,2 c/l to 91,8 c/l, the wholesale margin on petrol, diesel and illuminating paraffin will be adjusted to 52,5 c/l, that is a decrease of 1,601 c/l on 95 petrol octanes and a decrease of 1,369 c/l on 93 petrol octanes, a decrease of 1,361 c/l on diesel (0,05% and 0,005% Sulphur) and a decrease of 1,585 c/l on illuminating paraffin.
- Petrol (all grades) : 11.000 cents per litre decrease in retail price
- Diesel 0.05% Sulphur 47.239 cents per litre increase in wholesale price
- Diesel 0.005% Sulphur 44.239 cents per litre increase in wholesale price
- IlluminatingParaffin(Wholesale) 43.015 cents per litre increase in wholesale price
- IlluminatingParaffin(SMNRP) 57.000 c/l increase in the Single Maximum National Retail price (SMNRP)
- Maximum Retail Price for LPGAS 41.000 cents per kilogram decrease in the maximum retail price
During the period under review, the average international product prices of Petrol decreased, whilst that of Diesel and Illuminating Paraffin increased. The average Rand/US Dollar exchange rate weakened when compared to the previous period.
The average Rand/US Dollar exchange rate for the period 28 October 2011 to 01 December 2011 was 8.1398 compared to 8.0012 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 parrafin by 10.21 c/l, 11.87 c/l and 11.72 c/l respectively.
Enquiries:
Johannes Mokobane
Email: mediadesk@energy.gov.za
Tel.: 012 444 4612
Cell: 082 7663 674
Thandiwe Maimane
Email: thandiwe.maimane@energy.gov.za/ mediadesk@energy.gov.za
Tel: 012 444 4335
Cell: 083 645 7837
