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
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.
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