Fin24

Petrol price to rise steeply - again

2012-04-25 13:16

Johannesburg - The price of all grades of petrol will rise by 28c a litre next week, keeping the cost of fuel at a record high.

Diesel will cost an addition 9.4c/l and paraffin up to 12c more.

The hike brings the cost to R12.22/l in Gauteng and R11.87/l for 95 octane petrol. Diesel will now cost R10.98/l in Gauteng and R10.73/l at the coast.

The department of energy said on Wednesday that higher international oil prices affected the petrol price. While global diesel prices dropped, a weaker rand affected the increase.

Comments
  • Fredster - 2012-04-25 13:22

    YOU ARE KILLING US!!!!

  • John - 2012-04-25 13:22

    Thats great!! Just more reason not to accept the e-tolling project!!!

  • barry.visser1 - 2012-04-25 13:24

    Oil prices have gone down this month?wtf

      RudiPollard - 2012-04-25 13:32

      Apparently there is a 2-3 month lag between the oil price and petrol price... Or so they say

      Ed - 2012-04-25 13:34

      have a look at the daily over/under recovery on petrol/diesel in most newspapers. they are 100% accurate and may help you to understand a bit more. just because oil may have slightly weakened (ONLY the lst couple of days), the fact is that for most of the month, the Rand has weakened.

      Ed - 2012-04-25 13:37

      wrong. it is a one month lag. we buy now for next month.

      barry.visser1 - 2012-04-25 13:38

      Understand that. Nut oil has gone down by 10$ a barrel this month. The government needs to provide us with more detail on this point. On the news we get the exchange rate and the price of oil which seems to mean nothing to us lay people

      spartanx93 - 2012-04-25 13:59

      My question is why does Sasol climb onto the oil gravy train? Their fuels are derived from coal and have had years to perfect the process to result in lower costs. Coal based fuels should be far more cheaper that regular oil based fuel products.!

      Piet - 2012-04-25 14:09

      And the rand is at R20 to the dollar????

      Goerge - 2012-04-25 14:27

      Looking at the daily spot price of Brent crude the last time it was at this price was Feb 16th.On Nov the 8th it was only 2$ less for a barrel. In between the 16th it has been trading higher than its current price. The rand is very range bound at present and was at today's price on Feb 1, Feb 16th and April 4.The rand actually came down from a high of 8.60 on Nov 23rd.

      llmapuma - 2012-04-25 15:25

      @spartanx93 the reason why coal based fuel (which is predominantly diesel) will never be cheaper is because of a Government policy called Import Price Parity. Which essentially means Sasol will charge RSA its own fuel fuel is if it were imported. WHy we have said policy? I have no idea!

  • brionyl.french - 2012-04-25 13:24

    WHERE DOES THIS GOVERNMENT THINK WE GONNA FIND THE MONEY? ITS TIME TO TAKE BACK OUR POWER SOUTH AFRICA... ITS TOLLS OR PETROL JACOB ZUMA ITS TIME TO DECIDE ONE OR THE OTHER.... THIS IS DAY LIGHT ROBBERY!!!!

  • Dave - 2012-04-25 13:25

    OUTA....vat hulle

  • Victoria - 2012-04-25 13:26

    SERIOUSLY!!!! WTF!!!! I think I must invest in a horse and carriage.

      Shaun - 2012-04-25 15:30

      YOu obviously dont know that it cost around R1600.00 per month to feed and stable the above said horse :)

      Clive.D.Buckley - 2012-04-25 15:48

      I actually live on a small holding and have 8 stables... stabling costs are free for me... just feed and the occasional vet bill... cheaper than petrol and e-tolls

  • morneoosthuizen - 2012-04-25 13:27

    Bitch and complain all you want. They never listen to the people... You want to fight back? well then, FIGHT BACK!!! making comments on a forum is not gonna help. Half the MP's can't even read english...

      llmapuma - 2012-04-25 15:28

      lol @ read english. it is trully sad. Sasol has the capability of producing deisel fuel from coal. without the need to inport crude oil . However should Saso decide in playing with the idea of selling it Locally at a cheaper price. We'll a decline in demand of petrol powered vehicle. Deisel engines will be in demand. there goes the Motor Industry. its a slipery slope

  • IcemanGP - 2012-04-25 13:27

    "The department of energy said on Wednesday that higher international oil prices affected the petrol price. While global diesel prices dropped, a weaker rand affected the increase" Yeah rite, pull another one.

  • Smile - 2012-04-25 13:27

    I dont want to go against the flow but I want to point something out. We still pay some of the lowest prices in the world for our petrol funny enough :) That said, the ANC goverment still siphoning off our money :(

      heinrich.beukes1 - 2012-04-25 13:31

      Smile we are producing our own petrol here in SA (SASOL) why do we have to pay more for that petrol?

      Smile - 2012-04-25 13:45

      We dont produce all of our oil. Actualy we import the majority of it... It's to expensive to produce from dwindling coal supplies. Also to all of those who thumbed me down get your facts straight. Don't attack me because I know the statistics :p

      heinrich.beukes1 - 2012-04-25 14:14

      I never said we produced oil. SASOL is not oil it is Coal!

      Smile - 2012-04-25 14:35

      Yeah, Ok, let me rephrase that: We dont produce all of our petrol . Actualy we import the majority of it... It's to expensive to produce from dwindling coal supplies. Also to all of those who thumbed me down get your facts straight. Don't attack me because I know the statistics :p

      llmapuma - 2012-04-25 15:30

      @ Smile Wouldnt it be far cheaper to import coal rather than crude oil?

      Smile - 2012-04-25 16:59

      @llmapuma - good qeustion, but I would not know how much it would cost since we are a net exporter of coal. However, due to coal's solid mass and the minning methods used to extract it I would still imagian it is much to expensive (extraction and transport).

      Soetdoring - 2012-04-26 10:03

      Heinrich, you must ask the government why we have to pay more for our fuel because they determine the price. Many years ago the government threatnend Pick n Pay with a court case if they would sell cheaper fuel to the public. Sasol has repeatedly asked for the deregulation of the price of fuel but government refused every request.

      hibbard.tara - 2012-04-26 11:30

      We do have lower prices for fuel, as compared to other states. Yet comparing South Africa to a European state is not fair. We lack a solid and reliable form of public transport. For example in Italy one can purchase a bus and train pass for around 1 Euro, and it is reliable. Thus less people own cars and purchase fuel. We lack that infrastructure and cannot be compared. This does not justify the abuse we are seeing, yet it does play a role.

  • Jason - 2012-04-25 13:28

    The petrol price increases are pretty much reliant on the rand/brent crude prices and seeing how weak the currency has been lately it's no suprise prices are going up. However E-tolling in South Africa is not on, people are already on the breadline, we still have a high unemployment rate and not only will travel expenses be increased, food prices and consumer good will also increase should e-tolls be introduced. E-tolling needs to be stopped for the sake of our nation and econonmy.

  • Tumisang - 2012-04-25 13:28

    28 cents is not too much per liter considering that we no longer buying from Iran I use 2 full tanks a month,that means I will be paying an additional R16.80 on my tank...an equivalent of R33.60 a month,I have better things to complain about not that..

      heinrich.beukes1 - 2012-04-25 13:33

      Well with R33.60 I can buy 3 breads which means I can feed about 4 people per day for 3 days.

      ilsewepener - 2012-04-25 13:45

      It is not about the "only 28c per liter" like you say. This is the fifth increase this year, which means every month it is going up. Beginning April it went up with 71-73c, thus, you are paying basically R1 p/l more than 1 month ago. Then don't forget that food and other household items also increase in price because of the increase in petrol price. You people who see it as "only 28c" are like frogs in a pot, slowly cooking, but thinking, mmmm, nice and hot in here.

      inxsive - 2012-04-25 13:46

      how many increases do you think are still to come this year alone? Add etoll to that equation as well. You might be paying R16.80 more now. What about at the end of the year? The year after that? With that mentality you might be better off getting a bicycle.

      lynda.manxiwa - 2012-04-25 14:01

      To you its only R33.60 but to someone who has a family its more food price, more to pay for the kids' transport more everything man... Petrol rise directly affects our livelyhood man.... Let me guess you are tagged already...

      spartanx93 - 2012-04-25 14:03

      @Tumisang - that 28c increase results in increased costs across the board... services, manufacturing, logistics food production. The poor already cannot afford basic commodities which places more stain o nthe economy. It has a ripple effect.

      ilsewepener - 2012-04-25 14:16

      Really? Someone dislikes my comment? Must be the frogs ;-)

      llmapuma - 2012-04-25 15:31

      Tumi, do you have a family? Do you have kids?

      nkadimeng - 2012-04-25 16:38

      you clearly are just demonstrating your linguistic ability, or did you just buy a car Tumisang? If that's the case, then this obviously would be of no significant to you as you still a fresher

  • Ed - 2012-04-25 13:29

    Abolish the RAF and the price will come down overnight. Who needs the RAF anyway???

      kooveng - 2012-04-25 14:14

      I thought they stopped RAF payouts? So why are we still being taxed for it...

  • IcemanGP - 2012-04-25 13:29

    This is why .... http://www.nyasatimes.com/malawi/2012/04/25/south-africa-gives-malawi-us-35m-fuel-windfall/

      Althea - 2012-04-25 15:08

      I went on the site and it said "Forbidden" it has been censored !

      Lacrimose - 2012-04-25 20:15

      @Althea - the gist of that article "The pledge to assist Malawi with fuel was made two weeks ago when three South African ministers acting as special envoys for President Jacob Zuma paid a courtesy call on President Banda. Apart from assisting Malawi with the fuel for one whole month, South Africa also hosted for free the family of late President Mutharika when his body was taken there, paid for the casket of the departed leader and also provided two planes that escorted the body back home in Malawi."

      amanda.victor2 - 2012-04-26 01:21

      SA has GIVEN Malawi $35 million. For free.

  • heinrich.beukes1 - 2012-04-25 13:30

    Petrol gaan op met 28c per liter die volgende week Woensdag dan wil die regering hĂȘ ons moet registreet vir E-Tol projek watse nonsens is dit! Dit is net belasting waar jy kyk en die regering amptenare loop met sakke geld weg.

  • justin.pretorius - 2012-04-25 13:30

    Time to fight back against this regime

  • Butters71 - 2012-04-25 13:30

    9.4c/l what is that?

  • Steve - 2012-04-25 13:33

    How long before there is a general strike?

  • nkadimeng - 2012-04-25 13:33

    I honestly do not know anymore

  • B - 2012-04-25 13:34

    And then you get "sharks" like Engen (Fomis Auto) in Comaro (South Of JHB)that already charged R 12,85 per litre of 50ppm this month! (More than R 1,20 more than my regular garage) I raised concern with them & they got the cheek to tell me due to high performance diesel it is correct. Eventually after complaining with Engen the got back to me & state that the price was wrong. Lucky I stopped them quickly but horse had bolted after through in only 4 litres! I know diesel is not as regulated as petrol, but then one does not have to deal with the obvious "sharks" that charge any amount!

      heinrich.beukes1 - 2012-04-25 13:36

      Report them they are not allowed to do that.

      B - 2012-04-25 13:40

      @Heinrich, I did but Fuel Retailers Association could not help, neither could Engen themself, and Newspaper also not much help!

      inxsive - 2012-04-25 13:42

      go to one of the tabloids

      jpstrauss - 2012-04-25 14:06

      They ARE allowed to do that. You ARE allowed to fill up with diesel someplace else too. Tell you friendly garage owner that it's not "high performance" diesel, it's simply "cleaner" diesel. "High performance" would mean that the 50ppm diesel has a higher octane rating than 500ppm, which it does not, as far as I am aware.

      Marion - 2012-04-25 14:29

      @B - get hold of that consumer forum. Not sure what it is called though.

  • blaize.liebs - 2012-04-25 13:34

    Zimbabwe happening all over again

  • Pieter Mulder - 2012-04-25 13:35

    Busy paying e tol with petrol

      spartanx93 - 2012-04-25 14:04

      Zooma is paying his new fat wife the additional 28c per liter increase for shopping expenses.

  • dominique.dhotman - 2012-04-25 13:37

    WTF man?!

  • ryansindex - 2012-04-25 13:37

    Great so Stop the BLOODY E TOLLING because we are paying enough for fuel now. Our taxes paid for all of it and we must pay to use it now. Its like buying an apple and you need to keep paying to take a bite

  • Butters71 - 2012-04-25 13:40

    they made sure they got the money for e-tolling

  • inxsive - 2012-04-25 13:41

    Guess they'll concede on the toll gate issue when they can just push the petrol price. Wonder if we'll be paying R15 a litre by the end of the year. And ED the government is partly responsible for this increase. Let me explain. We as a nation and government could have procured deals elsewhere for oil,We could have backed the rebels instead of Gaddafi (secret deal with france and britain???) . Opec aren't the only producers. There are many off shore drillers, Nigeria i think i read somewhere discovered oil off they're coast. Our government keep on making bad decisions which cost tax payers and road users. Food pricing increases with petrol and toll fees increases. This government will starve the poorest until unrest and revolt are on the agenda as with so many middle eastern countries. Broad spectrum view is this, we are on the way to revolt like the rest of the world.

      Marion - 2012-04-25 14:30

      @inxsive - aren't they talking to Ghana (?) right now about supplying us with oil?

  • Ben - 2012-04-25 13:43

    Here...bite on this...They're going in dry....

  • shando.kandaba - 2012-04-25 13:47

    this is totoaly not on hai khona maan yini!!!!!!!!!!!

  • emile.kukkuk - 2012-04-25 13:47

    The thing that really grates me is that they up the petrol price by a big margin every couple of months. Then when they lower it by a couple of cents, the media makes a big deal about it. It never ever gets back to the same level, even if oil dropped to $50 a barrel again, you will never ever pay less than R10 a litre again. Why?

  • Karl - 2012-04-25 13:52

    sorry but this government has no clue. It has no idea . It can't MAKE A PLAN . There must be a solution to these hikes .

  • Herman - 2012-04-25 13:54

    Time to take the government to task for this also. "Outa" where are you lets start to stop this rot now! If you look at the oil price and the exchange rate then more and more money is disappearing into the abyss called the ANC. This has to stop if we want to make this country work. Time to stop this stealing from us. Outa have started with the Etoll and scamral now lets take the country back from the most incompetent government we could hope for. There is not one department in the government that is functioning even at a marginal level. The only department functioning well us SARS and it is only because they collect money to be scammed by the deviants call our public sector. Accountability needs to be compulsary.

  • nishan.sitlu - 2012-04-25 13:56

    Diesel with rise to R10.98/l?? I think these okes are high on diesel fumes. I paid >R12/l yesterday

      Toofaan - 2012-04-25 14:16

      That's because Diesel price is not regulated the same way as Petrol. Use a different garage and tell all your friends. You're being ripped off.

  • Jason - 2012-04-25 13:57

    A horse is really starting to look like a pretty attractive alternate transport investment.. :-/

  • emile.kukkuk - 2012-04-25 13:58

    And when I went to Namibia on holiday, their fuel was cheaper than ours..here is the shocking fact, they get their petrol from us!!

  • Gemma-Leigh - 2012-04-25 14:01

    How about they compensate the increasing international oil cost and weaker rand with the etoll profits....oh wait...I know why, because its all just an excuse. This is absolutely absurd!! What's next?!

  • Dax - 2012-04-25 14:02

    Use alternativae transport, such as a bicycle, roller blades, horse-back, or slide on a banana peel to get you there ! Ha ha.

      Alan - 2012-04-25 14:31

      Plenty of Banana peels in a Banana Republic....

  • madmcmax - 2012-04-25 14:03

    It is not only the petrol price. We need to look at the whole fuel chain of supply. SA has a higher density of petrol stations than almost anywhere else. Why, because the oil companies are still receive the the incentives given to them during apartheid to develop refineries and stations. Also the government need lots of stations to employ a bunch of otherwise unemployable pump jockeys. We have the technology to supply most of our fuel from gas and coal, but that factor is left out of the recovery calculation. Why the linkage to Brent Crude, which we don't import anyway. Leave pricing to the suppliers.

      Peter - 2012-04-25 14:23

      All oil is indexed back to Brent. Doesn't matter which crude we import. The key issue here is that we don't refine enough for our own consumption and are reliant on imports.

  • jpstrauss - 2012-04-25 14:03

    Uhm, sorry but oil prices have not moved in the last two months. It's been hovering at $116 to $120 since summer.

  • Henry - 2012-04-25 14:03

    We are heading for a time when we shall see some motorists 'steal' petrol (flleing from filling stations withoout paying) we'll see some vehicles stationary in the middle of the road, cos the driver dsn't have enough money for the fuel. We see more problems and arguments about the e-tolling and related expenses. My pity goes to an ordinary motorist as he's in for an increase in his liabilities.

  • Lungile - 2012-04-25 14:04

    I remember my 2nd yr maths where part of the theorem would include a contradiction, this is exactly what I am seeing in this government. Eradicate tax burdens so small business cn survive contradiction make them pay for road usage, increase petrol price, increase electricity tariffs and in the process think about how are going to make pay for water and acid water drainage. Honestly, Zuma's admin has gone far. It is nt our fault that there was or is corruption. We cnt fund governance with such high maladministration it is enough now.

  • zaida.abdulla - 2012-04-25 14:07

    HELLO, our president is to busy getting married and having 20 odd kids.. tolls, tax tax tax, yet no increase in employement just bloody taxes!

  • sjmdluli - 2012-04-25 14:07

    Y cnt africa make there own rand like this other countries, in England they use pound uerope euro, nd stop gettin petrol from this international counties, we hv Nigeria we cn start 2 trade wit it, haai domm Zuma u dng nothin 4 this country, ngapha ama Etoll p nw petrol kanti were must we gt all this money. Mr president do yo job, if u cnt let's put troveor manuel 2 b a president, I bliv tat man will a better job. Haai I'v heard it wit black president, if ANC dnt ellect him, they must kiss my vote gudby...

      Alan - 2012-04-25 14:14

      hmmm

  • inxsive - 2012-04-25 14:13

    Lets just change the south african flag to a petrol pump, a toll gate and a bunch of poor hungry masses.

  • Phumi - 2012-04-25 14:13

    Just like Mswati has asked his subjects to contribute to his birthday party. This increase has nothing to do with the economic or market forces. It has to do with dictatorship that keeps on coming back to demand more for its subjects! We need a Robbin Hood very urgently to help us!

  • JHLR73 - 2012-04-25 14:14

    And they still want us to register for e- tolls, with the petrol price and fuel levies allready so high.. Screw that!!!

  • ferreira.charmaine - 2012-04-25 14:15

    Things are going from bad to worse! I have cut back on so much what the hell more must I cut back on! We have to eat, we have to get to work, but at the rate this is going it is going to be a near impossible task! Trying to find a second job is also non existent! 1. Basic fuel price (58.2 percent): The BFP compensates the producers and importers of fuel products. 2 Government taxes and levies (25.7 percent): The levy contributing most to this percentage is the fuel levy which represents a tax paid at the pump on fuel - predominantly processed fossil fuels such as petrol and diesel. Also included in this is the Road Accident Fund levy. The fund is a state insurer which provides insurance cover to all drivers of motor vehicles in SA in respect of liability incurred or damage caused as a result of a traffic collision. 3 Wholesale margin (4.4 percent): This is paid to oil companies to compensate them for their marketing activities. 4 Service differential (1.8 percent): This component covers oil company depot operating costs and road delivery expenses (from depot to customer). 5 Transport cost (2.2 percent): This component includes the primary cost of moving fuel from coastal port locations to inland distribution centres, by pipeline, rail or road. 6 Dealer margin (7.7 percent): This is the margin that service station owners are permitted to add to the petrol price. Frankly I rest my case I might as well get a .38 revolver and put my family and myself out of our misery

  • Ivan - 2012-04-25 14:18

    They will keep on increasing the petrol price irrespective of barrel of oil price or Rand Dollar exchange. Somewhere along the line ,they are milking us! We need to unite and take action, protest, strike, etc. This might give them a wake up call !

      Ndumiso Luthuli - 2012-04-25 14:38

      i fully agree with you Ivan let take to the street

  • Langa Nhlapo - 2012-04-25 14:19

    Guess its back to horse carriages and bicycles. The cost of living has become ridiculously expensive especially if you have no form of income

  • Ian - 2012-04-25 14:21

    At this rate we won't have to worry about e-tolls, because we won't be able to afford to drive on the roads......

  • Mike - 2012-04-25 14:24

    wtf? ive been watching oil prices and they've come down from $125 a barrel to $116, its up to $118 now but its coming down, does government think we stupid?

  • Marion - 2012-04-25 14:24

    Why are we not surprised? Wonder if they're going to siphon some off to keep their disastrous company, SANRAL, from going bankrupt.

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