Loading...
See More

Petrol bonus for motorists

Nov 30 2012 13:32 I-Net Bridge
Petrol

(Shutterstock)

Related Articles

Apartheid ghost lurks at petrol pumps

Petrol fuels inflation shocker

No need for panic over petrol

Petrol price hiked again

Brace for another petrol hike

Petrol price breather

 

Johannesburg - The retail price of all grades of petrol will decrease by 9 cents per litre (c/l) on Wednesday December 5‚ the Department of Energy announced on Friday.

The price of 0.05% sulphur diesel will cost 5 c/l less while that of 0.005% sulphur diesel will fall by six c/l.

Although the international product prices increased during the current fuel price review period‚ the increases were cushioned by the very high unit over-recoveries which were realised at the start of the current fuel price review period.

The department noted that the average unit over recoveries were still realised on all fuels.

The fuel price decreases would have been more had the department not implemented margin increases.

The Minister of Energy approved increases in the retail margin of petrol of 3.9 c/l from 95.3 c/l to 99.2 c/l‚ as well as an increase in the wholesale margin applicable to petrol‚ diesel and IP - from 5.5 c/l from 52.5 c/l to 58.0 c/l - and an increase of 4.5 c/l from 21.0 c/l to 25.5 c/l in the case of the Service differential applicable to petrol‚ diesel and IP.

The average rand/dollar exchange rate weakened when compared to the previous period.

The average rand/dollar exchange rate for the period 2 November to 29 November was 8.8252 compared to 8.6479 during the previous period.

Petrol 95 ULP octane in Gauteng will now cost R12.01 a litre‚ while at the coast it will cost R11.66 per litre.

The Single Maximum National Retail price for illuminating paraffin will decrease by 5 c/l.

The maximum retail price for liquid petroleum gas will decrease by 35 cents per kilogramme.



Follow Fin24 on Twitter and Facebook

petrol price  |  good news
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
56 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

Hottie of the day: Nicole Meyer!

Nicole is the cover girl for the 2014 edition of SA Swimsuit! Check out some smoking hot pics of here here.

 
 

Men24.com

11 things men don’t know about their clothes
Hilarious mortal kombat elevator prank!
This is how the Top Gear presenters spend their £55 million!
Thirty and still single? There’s hope!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...