Fin24

Petrol bonus for motorists

2012-11-30 13:32

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.



Comments
  • matthew.swanepoel.9 - 2012-11-30 13:37

    9 F@#$%&* cents????

      klippies.coke.7 - 2012-11-30 14:39

      We are so blessed to love in this prosperous country. We now can save R5 for a tank of petrol and use that money to buy a loaf of bread.. oh, wait you can't because bread is too expensive. WTF 9 cents!!!

      daleinn - 2012-11-30 15:20

      can we get chappies for 9c?

      courtnaymurphy - 2012-11-30 16:37

      @unity no they're 25c now at least! :/

      hamish.drake1 - 2012-11-30 18:29

      Headline should be "petrol insult to motorists". Up 50c in January

      beverly.young3 - 2012-12-01 12:09

      Yeah, just before the elections? Bloody hell...they stick up by more than they ever bring it down, then when they give us a reduction, there is a residuial balance. So in essence, it is no bonus at all, as all the other costs for transpiort have gone up, NEVER to come down. I'm not good at finance, but do I make a little sense? ^ ^ ?? So someone do the maths for me. In 1999 my spouse bought me a little Zuzuki jeep. It was R58.95 to fill this beauty. In 2009, the same vehicle cost me R380.00 to fill. huh?

      tert.lepa - 2012-12-01 18:21

      Mmmmmm

  • marc.rule - 2012-11-30 13:40

    WTF.. why that small…….. keep it showerhead needs it for his house.

  • jo.vankatwijk - 2012-11-30 13:40

    Big deal!

  • adrian.tyler - 2012-11-30 13:43

    A few cents is so helpful. Thanks government. Now I can buy one more packet of nik naks every month.

  • lulama - 2012-11-30 13:49

    WHatever...the next increase will 70c.

  • junaid.vanderwalt - 2012-11-30 13:54

    Only good news in 3 months i've seen on News24.

      Blackpoison - 2012-11-30 14:15

      Really? Does so little make you happy?

      TSR01 - 2012-11-30 17:30

      That's an average saving of R4.50 per full tank (calculated at 50L), translating to around R9.00 per month if you topped up twice in a month. Hooray, a whole R9.00.... skip eating take out for one meal and you've already saved at least 3 times as much!

  • darryl.maze1 - 2012-11-30 14:01

    Does that mean food prices come down too??? Oh no wait it wont because they'll find some other excuse to not lower food prices.

      bobby.rosewood.1 - 2012-12-01 11:58

      How about the tolls? That will increase the food prices!!

  • Suzanne Viljoen - 2012-11-30 14:06

    THANKS HELL!! Now people can afford to go on holiday!! LOL

  • chrisnsally.rose - 2012-11-30 14:13

    We are being ripped off here. I regularly go into the cef.org.za site as it informs you what is happening to the price of fuel on a daily basis. According to this REPUTABLE site, petrol should be DECREASING by about 23 cents and diesel by 17 cents. Can someone with the necessary authority, or some eager beaver financial journo with a nose to the ground, do an expose, as it would seem SOMETHING STINKS.

      beverly.young3 - 2012-12-01 12:15

      Well, as far as I know, which is obviously not too much, Sexwale is one of the importers/shareholders in ?? Shell I think it is....Not saying that he can do anything about it, but just thinking of his huge profits. A garage owner here, told me that they are informed when the prices are going to change, and if it is going down, they buy forward to gain the benifit. That if it is going up, same applies. He said, and I hope I have this right, that the garages only make 7% per litre profit normally.

      konstabel.koekemoer - 2012-12-03 13:06

      On Shell's website their forecast was that the petrol price will drop by betweem 18 and 20 cents. So why only 9c? http://www.shell.com/home/content/zaf/products_services/on_the_road/fuels/petrolprice/

  • carel.j.stuart - 2012-11-30 14:14

    Hi ,will there be any change for 93 petrol.

  • makarapakaplan - 2012-11-30 14:17

    Oh happy days! Now I can go buy that new boat I've always wanted!

      beverly.young3 - 2012-12-01 12:16

      sjoe, I sold my boat.......too expensive to run.

  • andrew.arde - 2012-11-30 14:17

    What about diesel??

  • tresor.mpika.9 - 2012-11-30 14:19

    what a perfect way for government to distract the public, I am sure Zuma and his cadres will have a great weekend where their going to plunder the revenue service as the public will be busy celebrating the long overdue good news

  • ruben.maistry - 2012-11-30 14:38

    Do not mislead the people into believing that they now have more money to spend over the festive season.Come February next year people will be financially 10 steps backwards than where they are today.

      solulele.mrcool - 2012-11-30 18:09

      this is true

      beverly.young3 - 2012-12-01 12:18

      Yeah, they ALWAYS publish 'good news' before the holidays, and the day after new year, the newspapers are filled with gloom and doom about escalating prices.

  • steve.gibson.146612 - 2012-11-30 14:40

    Par for the course, every December the price drops before all the parliamentarians go on holiday with their limos. Glad some ordinary suffering citizens who are going on holiday can derive some benefit out of the lower price as well. Watch this space after the holidays when it will rise again!!

      Derek Chapman - 2012-11-30 15:52

      My sentiments exactly, no need for me to add a comment

      solulele.mrcool - 2012-11-30 18:11

      when I calculate, I will save about R30.00 on my way to and from EC

  • machoene.kaizer - 2012-11-30 14:44

    Ovius food price must also cum down.wat a december.thnks

  • Suzanne Viljoen - 2012-11-30 14:57

    The food price will drop as soon as we buy directly from farmers. Farmers where are your markets

  • ronelvn1 - 2012-11-30 15:02

    Oh yay, we can eat tonight! How the f@#$ is 9c down good news - it's a frikken drop in the ocean!

  • stefan.ferreira.984 - 2012-11-30 15:09

    116c up, 19c down. Yipee!

  • thelma.flynn.96 - 2012-11-30 15:12

    WOW what a bonus. They reallyare all heart. It went up by how much?

  • darren.strydom1 - 2012-11-30 15:44

    Merry Xmas us poor SOB's

  • chirnsidep - 2012-11-30 16:35

    Why was it reported on the news yesterday that it would be a 23cent decrease and why do they always wait till the last day of the month to announce a decrease when an increase is reported at least a week before? As consumers are we not also entitled to view the full calculation method and variables used to determine the price ?

  • chris.phago - 2012-11-30 16:38

    9 cents petrol cut is nothing.I will appreciate R2 kwaaaaaaaaaaaaa

  • rodney.louis.7 - 2012-11-30 17:50

    thx alot

  • bryan.torien - 2012-11-30 19:44

    lmao @ bonus!

  • profesas1 - 2012-11-30 21:22

    The serial renovator has failed dismally

  • melissa.craigie - 2012-11-30 21:36

    it costs me R700 to fill up, which lasts me 2 weeks, so i would save R5,40. but anyways i know the price will probably go up in the new year even more, it seems to go up more after its come down. il just ignore it rather.

  • JohnnoBfree - 2012-11-30 22:05

    Get ready for a serious increase next month. 9 cents are you kidding?

  • ian.robertreid - 2012-12-01 06:46

    Wow don,t do us any favours? bring it down R5.00 the we r smoking?

  • hendrik.breed - 2012-12-01 07:02

    Whoopdefkkndoo!!

  • arthur.salvado - 2012-12-01 09:49

    We are being prepared. 9cents now and 90cents in January . Ooooh I can really have a great Xmas now with the petrol price reduction. Bunch of thieves, please keep the nine cents/liter and give back the billions you've stolen.

  • rob.uger - 2012-12-01 09:57

    RIP OFF - according to the fuel retailers site, the day after last months announcement of 10c decrease the price calculation was a 70c decrease They have had our (70c x a whole month x millions) and on the 30th Nov the calculation was 23c SOMETHING STINKS

  • rob.uger - 2012-12-01 10:10

    RIP OFF - should be at least 15 cents with the extra 8c given to petrol stations according to fuel Retailers website (23c decrease 30 Nov)Last month 1 day after the 10c decrease, the calculation was a 70c decrease (they have had our 70c x 1 month x millions) SOMETHING STINKS

  • darren.raath.5 - 2012-12-01 11:03

    up83 cents down 9cents up47 cents down 5c bunch of thieves!!!!

  • debduplessis - 2012-12-01 12:24

    what an insult to us as a nation!!

  • freddy.vanwijk - 2012-12-01 12:56

    LOL, LOL, LOL, LOL, LOL. Prices of all commodities are still going up. Specials that customers see now are just to get rid of execess stock that are about to expire. LOL AGAIN!

  • ivan.schoultz - 2012-12-01 14:30

    UBUNTU PARTY’s PLAN OF ACTION: 1) SASOL with all its technology and facilities was developed and paid for by South Africantax payers money, and therefore should belong to the people. 2) It is a crime against the people of South Africa to have sold all this technology to private shareholders and create a multinational corporation that exploits the labour of the South African people with no benefit to the people while creating unimaginable wealth for the international owners. 3) SASOL uses coal and gas from the ground that belongs to the people – so why are we paying for the petrol and products created from this gas and coal? 4) SASOL exports the fuel and a long list of other products which are manufactured from recourses that belong to the people, to over 100 countries in the world – and yet we cannot afford the petrol in our own country. This is pure theft and extortion of the highest order. 5) All the oil or gas that is pumped from the ground or any coastal areas of South Africa belongs to the people – why are we paying for it? read more: http://www.ubuntuparty.org.za/2012/08/energy-petroleum.html

  • daniel.reddie.9 - 2012-12-02 07:42

    And in January it will again increase by 50 cents or more? What a joke! I can just buy a 2 ply toilet roll on the massive R4.50 I will save on a tank, may as well wipe my butt with what little relief we will be getting by this wonderful gesture by the Ministry of Energy.

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