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The Pricing Structure for Petrol, Diesel and IP

South Africa petrol price - April 2014
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GAUTENG FUEL PRICES

COMPOSITION OF THE RETAIL PRICE OF PETROL AND THE WHOLESALE PRICES FOR DIESEL AND IP IN GAUTENG FOR THE PERIOD 02/04/2014 TO 06/05/2014 WILL BE AS FOLLOWS:

 
GAUTENG FUEL PRICES Petrol 95 ULP Petrol 93 ULP & LRP c/l Diesel *  0.05% S Diesel *  0.005% S Illuminating Paraffin
  c/l c/l c/l c/l c/l
Contribution to the basic fuel price (BFP) 848.990 835.990 873.630 879.030 853.128
Wholesale margin 31.000 31.000 61.200 61.200 61.200
Service cost recoveries 28.800 28.800 28.800 28.800 36.200
Storage, handling & delivery costs 28.800 28.800 28.800 28.800 28.800
Distribution cost         7.400
Dealers margin       (*) 139.100 139.100      
Zone differential in Gauteng 33.100 33.100 33.100
33.100
52.700
IP Tracer levy                            0.010 0.010  
Fuel levy 224.500 224.500 209.500 209.500  
Slate levy 15.360 15.360
15.360
15.360
0.000
Customs & excise duty 4.000 4.000 4.000 4.000  
EQF Levy 0.000 0.000 0.000 0.000 0.000
RAF levy 104.000 104.000 104.000 104.000  
DSML (Inland Demand Levy) 10.000                                                        
Petroleum Pipelines Levy 0.150 0.150 0.150 0.150  
Subsidy from Equalisation Fund 0.000 0.000 0.000 0.000 0.000
Incremental Inland Transport Rec Levy 0.000 0.000 0.000 0.000  
Sub-total 590.010 580.010
456.120 456.120
150.100
Retail price 1,439.00 1,416.00      
Wholesale price 1,299.90 1,276.90 1,329.750 1,335.150 1,003.228

South Africa Controlled Product Price Change

The Department of Minerals and Energy has announced the following price change for PETROL, DIESEL and IP/ KERO :

                                        EFFECTIVE DATE : Wednesday 02 April, 2014

 

South Africa Controlled Product Price Change
GAUTENG LIST PRICE CHANGE PUMP PRICE CHANGE
(Zone 9C) Change Current Price New Price Change Current Price New Price
V-Power 95 (Inl) 7.00 c/l increase
1292.90
1299.90

7 c/l increase

1432.00 1439.00
M93 ULP & M93 LRP 5.00 c/l increase
1271.90
1276.90

5 c/l increase

1411.00 1416.00
Diesel 0.05% 8.80 c/l decrease
1338.55 1329.75 Not controlled
Not controlled
 
Diesel 0.005% 7.80 c/l decrease
1342.95
1335.15 Not controlled
Not controlled
 
IP / Kero 34.50 c/l decrease
 1037.728 1003.228 Not controlled
Not controlled
 
.  

South Africa Conrolled Product Price Change
COASTAL LIST PRICE CHANGE PUMP PRICE CHANGE

(includes large coastal ports - i.e. CT, MB, PE, EL, DBN)

(Zone 1A) Change Current Price New Price Change Current Price New Price
V-Power (c)
& M95 LRP

3 c/l increase

1255.90

1258.90

3 c/l increase

1359.00 1398.00
Diesel 0.05%

12.80 c/l decrease

1311.95
1299.15 Not controlled Not controlled  
Diesel 0.005% 11.80 c/l decrease 1316.35
1304.55 Not controlled Not controlled  
IP / Kero

38.80 c/l decrease

991.828 953.028 Not controlled Not controlled  
  • Price change valid throughout RSA for RETAIL customers, the Commercial Price for Petrol will be distributed in a separate note
  • Petrol List and Pump prices above refer to Retail customers
  • Price change due to movements in crude and international product prices coupled with the prevailing (favourable) RAND – US dollar exchange rates

 

2.    Extraordinary items incorporated in the above changes are:

The Incremental Inland Transport Recovery Levy of 3 c/l will no longer be applicable from 2 April 2014
Increase of 12 c/l  to  the Fuel Tax iro Petrol and Diesel
Increase of 8 c/l  to  the Road Accident Fund (RAF) iro Petrol and Diesel


3. The maximum retail price at which "loose" Illuminating Paraffin,                 
i.e. excluding cost of package/packaging, may be sold at any location in South Africa effective 2 April 2014 to 06 May 2014 is R13.09 (increase of 49.0 c/l) per litre.

The WSLP of Paraffin to Shell customers will not be affected by this Retail legislated price.

4. In terms of Government Notice no. R1029 (dd 31July 2002) DME has regulated the maximum refinery gate price of LPG at R 10 991.88 per metric ton (610.05 c/l) for the period 02 April 2014 to 06 May 2014.

South Africa Controlled Product Price Forecast

South Africa Controlled Product Price Forecast
NEXT PRICE CHANGE Wednesday, 02 April, 2014.
Petrols 20.00 _ 23.00 c/l increase
Low Sulphur Diesels 0.05% 12.00 _ 16.00 c/l increase
Ultra Low Sulphur Diesels 0.005% 13.00 _ 17.00 c/l increase
Illuminating Paraffin 10.00 _ 12.00 c/l decrease
South Africa Controlled Product Price Forecast
Brent Crude Current $108.70 per barrel
Brent April 2014 Forecast $107 - 110 per barrel
Rand - USD exchange rate 10.74

This Price Forecast is based on information as at 05 March 2014  and is based on current price regulation guidelines as stipulated by the Department of Minerals and Energy. This is mainly based on international crude and finished product price movements coupled with prevailing Rand – US Dollar exchange rates.
This forecast includes the increase in Fuel levy and RFA as announced by the Minister of Finance in his budget speech.