Fin24

Another petrol price blow for SA

2011-02-25 13:35

Johannesburg - The retail price of all grades of petrol will increase by 43 cents a litre on Wednesday, the energy department said on Friday.

This means that the retail price of petrol 93 ULP (unleaded petrol) and LRP (lead replacement petrol) as well as Petrol 95 ULP & LRP would increase by 43 cents a litre.

A litre of petrol 95 ULP (unleaded petrol) in Gauteng would now cost R9.42.

Petrol 93 ULP & LRP (lead-replacement petrol) in Gauteng would now cost R9.27 a litre.

The price of diesel with a 0.05% sulphur content would increase by 64 cents a litre.

The price of diesel with a 0.005% sulphur content would increase by 63 cents a litre.

The wholesale price of illuminating paraffin would increase by 70 cents a litre.

The single maximum national retail price for illuminating paraffin would increase by 94 cents a litre.

The department said the "sharp" fuel price increases were a result of the sharp increase in international crude oil prices.

During the review period, from January 28 to February 24, the price of brent crude oil increased by $14 per barrel to $110.0 per barrel.

"This increase in international crude oil prices mainly culminates from the current political turmoil in the Middle East and North Africa which has a severe impact on crude oil supplies," the department said.

The increase in the prices of diesel and illuminating paraffin was due to the high demand for heating fuels in America and Europe.

This had led to substantially higher anticipated increases in the prices of diesel and illuminating paraffin compared to that of petrol.

The value of the rand had deteriorated sharply against the US dollar, which had also contributed to the fuel price increase.

"This weakening of the value of the rand against the US dollar contributed to about 26.0 cents per litre in the anticipated fuel price increases."

Comments
  • me! - 2011-02-25 12:49

    this is BULL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • nocrisis - 2011-02-25 12:50

    i wish i was a fat cat. even if they are driving 4 liter engines. they dont feel the pinch. those juju m range rovers!

  • Gonny - 2011-02-25 12:51

    "The value of the rand had deteriorated sharply against the US dollar, which had also contributed to the fuel price increase." You gotta be joking right? The Rand is at one of its strongest levels in years against the dollar!

  • sakkie de kock - 2011-02-25 12:52

    Yes, make it impossible to feed my family! YES!!!! Revolt is near...

  • OB1 - 2011-02-25 12:52

    bleak

  • Steve - 2011-02-25 12:56

    Ok, as a business now I have to compensate for this. One way is not to employ new staff, force existing staff too be more efficient, and FIRE ALL THOSE THAT ARE NOT

  • Capricorn - 2011-02-25 12:56

    This is ridiculous! We just had an increase last month - now again? How are people supposed to sirvive if they need no pay much more for petrol and also for the tolls?

  • SB - 2011-02-25 12:57

    Revenge of the tollgate saga...

  • JFS - 2011-02-25 12:58

    Bla bla bla, same bulsh@t, different day! Election are around the corner and they need money to fund the fat cats, further more, R2.61 goes to the road fund, I do not see any roads getting better, most of them are just detoriating even further day by day.

  • Clinton - 2011-02-25 13:00

    This is on par with the rest of the world. I pay similar and more price increases in European countries at the moment. Sucks!

  • Juan - 2011-02-25 13:02

    They slipped up!! They should increase this only AFTER the election! Or prices are pushed up but the masses will still vote anc in exchange for a free yellow tshirt!

  • Claudia - 2011-02-25 13:03

    Miskien is my kop te plat but I don't understand why the government has to put up our petrol price for the sake of the RAF - Libya aside this is ridiculous. There is already an increase because of the world oil prices. Is dit regtig nodig dat Mnr Gordhan ons eie belasting ook nog moet verhoog?

  • JohannVJ - 2011-02-25 13:08

    How the hell are people supposed to survive? The Landed Production Price of diesel is roughly R4.86 per litre. Government already GRABS R3.33 per litre for RAF, NOT fixing roads, not they want more toll roads, the cronies STEAL more in every fiscal year. Where is it going to end? Should Jo'burg and "Tshwane" burn like Tripoli / Manama / Tunis / Cairo????

  • dananzi - 2011-02-25 13:09

    this is only the beginning. It is going to get worse!

  • black.dude - 2011-02-25 13:11

    When the going gets tough,the tough get smart.....remember the new fuel levies and taxes is still coming in april.

  • Eddy - 2011-02-25 13:11

    So Gatvol already, don't have the energy to complain anymore.

  • robgun - 2011-02-25 13:12

    Take more and give less

  • Johnathan - 2011-02-25 13:13

    The figures mentioned here do not concur with the figures on the Department of Energy's website. Who is telling porky pies? The DoE's figures are all a few cents higher than what is mentioned here. I am starting to completely lose faith in anything Fin24 publishes regarding the fuel price - it always seems to have some mistake somewhere!

  • Michael - 2011-02-25 13:13

    Most of you are morons! While I don't disagree that the tolls are excessive, and the guvverment already gets too much tax out of our petrol money, this latest hike is actually caused by oil price increase due to instability in the middle east. Libya on it's own ahs had an impact on the oil price, as they are an oil producing nation, going through political upheaval. Get your facts straight before you start whining. International news has been predicting and reporting on oil price increases for these reasons, yet as soon as our government ups the petrol price, you all assume it's all going into lining pockets. I'm not saying no pocket-lining is taking place, just that these increases are in line with the rest of the world, and to be expected considering the political landscape in the middle east.

  • Vlakhaas - 2011-02-25 13:14

    But we spend 1.2 large on the ANCYL, and increase julius malemas chronies pay by 300%?!?! Pravin is smoking something

  • Gavin - 2011-02-25 13:16

    It's time we found/developed alternative fuel sources.Our addiction to oil will be the reason the world of ours goes to war. either that or we shoot all the oil traders !

  • Jovan - 2011-02-25 13:16

    South Africa is one of the most expensive countries to make a basic living. And it does`nt make sense. Cut on the fat cat salaries. It`s time for the revolt; don`t postpone otherwise things will get more worse

  • Vaal Donkie - 2011-02-25 13:18

    I wonder how much truth there is in the statement taht Diesel and Parafin prices went up because of increased demand from the northern hemisphere, seeing as they are nearing hte END on their winter. Logic dictates that demand will either remain constant, or start to taper off. But hey, we're mos all stupid retards.

  • Badbones - 2011-02-25 13:18

    ...... " The end of the world is near !!! " ..... ................ :-) ...................

  • Jack Mehoff - 2011-02-25 13:19

    Me thinks we'll start seeing more petrol tankers hi-jacked because its liquid content is worth more than the truck itself...ill support black market hi-jacked petrol if its R5 a litre, govt is just creating their own problems.

  • GarethV - 2011-02-25 13:20

    Parafin nearaly up by a ran - the poor and township dwellers are going to go crazy!

  • Rebecca - 2011-02-25 13:20

    Is this how it's going to be from now on? An increase every single month? And they blame part of it on the exchange rate which is the best it's been in ages...

  • Monza - 2011-02-25 13:26

    Kwaze kwadula bo!

  • NB - 2011-02-25 13:28

    thanks to Libya

  • Tired - 2011-02-25 13:31

    Going to drive much slower to let the petrol last longer!!!!!!!!!!!!

  • Firefox - 2011-02-25 13:31

    Crude, no pun intended calculation and comparison: July 2008: Cost per liter of 93: R10,50 Rand /dollar : R7.62 Brent Crude : $145.00 per barrel : R 1 104.28 February 2011 : New petrol price : R 8.99 Rand /dollar : R7.21 Brent Crude : $110.00 per barrel : R 793.24 Confusion : Oil is 38% cheaper than in July 2008. The petrol price is however not 38% cheaper than it was in July 2008 - should it not be approximately : R 7.54 per liter - what am I missing?

  • Rafiki - 2011-02-25 13:31

    AND Mr PRAVIN GORDHAN HAS JUST ANNOUNCED AN INCREASE IN FUEL LEVY......FOR WHAT ????? WE ARE BEING TAXED TO DEATH...NO WONDER NO JOBS !!

  • norwegian - 2011-02-25 13:34

    over here, fuel prices are determined on an hourly basis. It varies anything from between R16 and R18 per liter at any time. 6 months ago the price of petrol was at around R13 per liter, so do the maths yourself.

  • Johnathan - 2011-02-25 13:42

    Gonny, the way the rand's depreciation's influence works in terms of the fuel price is that the average level of for example, February, is compared to the average level of January and then March's price is adjusted according to that. The rand is strong when compared to a few years ago, yes, but when you compare February to January, the rand has indeed depreciated. JohannJV, the government doesn't grab R3,33 for RAF - where do you get that from? The RAF levy is R0,72 per litre and will increase to R0,80 in April. In total, all the levies on fuel come to R2,47 per litre on petrol and R2,32 on diesel. It continues to amaze me how people talk utter nonsense on this comments forum! Bad news - if Lybia continues to be in chaos, we will see more increases like this in the coming months!

  • Ben Rootman - 2011-02-25 13:42

    Just have a look at the crude oil price before you go mad - the highest in 2 and 'n half years!

  • Phlexx - 2011-02-25 13:44

    Wow!!!! So now we start investing in donkie Karts, whilst all arround us increases beyond the average persons reach, " 80 mil for walls" ........ i have an idea that we are here to subsidise the newly accuired posh lifestyles of our so called Government.

  • joe777xxx - 2011-02-25 13:44

    The rand has only deteriorated in the last week, this is ridiculous!

  • steven - 2011-02-25 14:13

    hahahaha, poor parafin suckers!!! keep voting anc morons.... do the math, fuel should be cheaper!!!

  • WeUseOil - 2011-02-25 14:14

    One of the biggest suppliers of crude to South Africa happens to be Libya. Libya has had oil production drop drastically since just after the riots started. We get screwed-over no matter what happens in the Middle-East.

  • Bo - 2011-02-25 14:15

    So much for the 30% of our fuel produced locally by Sasol!

  • Justice - 2011-02-25 14:17

    I think , the ANC is angry that the Tollgate has been put on hold.remember they need to repay the loan ,huuuhh.

  • Charlie - 2011-02-25 14:23

    Well, let me put it this way.... I am paying around 85cents a litre of Petrol. to fill my cars tank R38 about. Move to the middle east and reap the reward of almost free petrol.

  • Geyser - 2011-02-25 14:23

    Prices of commodities are driven up speculators and unless nations take actions to stop American, European, Japanese banks and hedge funds to stop promoting speculation in commodities we are going to see 2 billion people starve to death. Commodities should not be traded on exchanges. Commodity prices should be negotiated between nations.

  • moi - 2011-02-25 14:23

    i agree the calcualtion are a bit off, i mean if 93 is currently 8.58 how can it jump all the way to 9.27 after adding 43cents.. the calcuations were also wting in the previous article when u were telling us the bad news..its bad enuf petrol is going up , but giving us incorrect amounts only raises our blood pressures even highet

  • Deluxxe - 2011-02-25 14:25

    @Michael. Your comments are one of the few that actually make sense. But then again, we live in a country of whiners! All of us, blacks AND whites. I wish we could just get over it.

  • David - 2011-02-25 14:26

    I think I am going to become a hobo. Its the only thing that makes sense to me now to enjoy my life. I dont see the pont of working anymore. I am going to build a shack and steel electricity. Thise are the wise people. Stupid people work

  • ZANE - 2011-02-25 14:26

    the anc - assoc of national criminals are nationlising our salaries with all the increases in future i am going to give up my job and get a tender

  • Pre 1994 Elections - 2011-02-25 14:31

    Before teh ANC came into ruling power, everytime there was an increase even as much as 5cents, the TAXI Community used to block off highways into town etc. Why is that not happening anymore? I for 1 am tired of these petrol price increases every month.

  • annon - 2011-02-25 14:31

    thank you jacob zuma for supporting gaddafi. the south african population are very rich. we live in big houses and drive BMWs. We can afford being on the losing side of history. The South African people are so rich we can pay more in petrol. Zuma, stand up for the people and condemn Gaddafi. The petrol price will fall $10 if he goes earlier rather than later. Dont condemn Gadaffi becuase of the Libyan people, condemn Gadaffi because of the effect he is casuing on the South African population and people all over the world. You will be a hero

  • Mark - 2011-02-25 14:32

    Man, do some of you have it wrong, the rand is at the WORST level in years, only after the budget speak did it get better, but still very bad. We have the youth league conference to thanks, they got the Egypt's to revolt, and this caused the Libyans to do the same. Dumb shmucks!!!

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