Fin24

Petrol price breather

2012-11-02 12:23

Cape Town - The retail petrol price will dip by 10c a litre next Wednesday due to lower international prices, the energy department said on Friday.

The price of 95 grade petrol in Gauteng will drop slightly to R12.10/l, while at the coast it will cost R11.75/l. However, the wholesale diesel price will go up to R11.44.

The price of 0.05% sulphur diesel will be 10.2c/l higher, while that of 0.005% sulphur diesel will rise by 9.2c/l.

The petrol price breather follows last month's 23c/l increase and this year's highest single price hike of 93c/l in August.

Meanwhile, despite high petrol prices the National Association of Automobile Manufacturers (Naamsa) on Friday said that total new vehicle sales rose by 10.5% year-on-year (y/y) in October to 57 845 units.

Naamsa said the increase was partly boosted by record low interest rates.

Exports of locally produced vehicles however fell by 3.3% y/y in October, as the transport strike caused disruption at various manufacturing plants and affected output and exports during the month.

While relatively lower lending rates were boosting domestic sales, rising inflationary pressures and a weaker rand could push vehicle prices unsustainably higher, weighing on demand for the remainder of the year and in 2013, reports Reuters.

Meanwhile, the single maximum national retail price for illuminating paraffin will increase by 4c to R8.70/l.

The maximum retail price for liquid petroleum gas will increase by 1c per kilogram.


Comments
  • Tawizee - 2012-11-02 12:30

    Increase by 30c, increase by 20c, increase by 35c, increase by 15c, then decrease by 10c...Repeat

      gift.mushi.9 - 2012-11-02 13:03

      Why not R1.00?

      sonia.bloem - 2012-11-02 13:10

      @gift Because we live in South Africa, the land of unfair calculations

      jonathancfarrell - 2012-11-02 13:29

      Oh and still more expensive then the USA who should be the ones forking out more with their gastanics

      daleinn - 2012-11-02 13:30

      make more profit , make more profit, make more profit ,make more profit, then make less profit .. repeat.

      ianon.ym - 2012-11-02 13:31

      How is that possible? The rand has devalued substantially this last month so what is going on or are they holding back to Dec. Something does not make sense here.

      jmlongwe - 2012-11-02 16:24

      Its the festive season everyone, increases have always happened around this time. because we'll definitely be driving more, any economy is just a machine and we the people are the fuel that operates it.

      Oraniaboer - 2012-11-02 19:05

      Petrol prices are up all around the world you guys are not alone. In Los Angeles prices are now $4,75 a gallon in some places.

      cage.rattler - 2012-11-02 22:54

      Rand depreciated by just under 5% when compared to previous month.

  • wesley.bischoff - 2012-11-02 12:31

    Oh wow, 10c. That's amazing! And in 2 weeks time it will increase by 70c

      deon.louw.7505 - 2012-11-02 12:53

      Lucky for us the price only get adjusted on the first Wednesday of each month.

      morne.demeillon - 2012-11-02 14:34

      Yip Wesley you are spot on, must make money for Man-gang,its going to be a big bash and plenty of money is needed.

  • melanie.gardner.7528 - 2012-11-02 12:32

    whoopie...

  • Eterni80 - 2012-11-02 12:35

    big whoop - keep the 10c and apply it to your e-toll BS.

  • nicky.tyrrell - 2012-11-02 12:36

    Big wig! Do the powers that be really think we are so stupid? Well actually I think we are all stupid for putting up with this, we should all protest, EVERYBODY! if we made our voices heard this way it would make a difference.

      Jeremy - 2012-11-02 12:52

      What on earth are you talking about Nicky? The petrol price is determined monthly via an equation taking into account the global price of crude oil and the value of the rand against other currencies. The petrol price is probably the one area where we're compatible with most other countries in terms of rises and decreases

      odupreez - 2012-11-02 13:09

      Jeremy - What about the add-ons, that keep being added to the price, a fair portion of the last or it may have been the previous increase was for the attendants (if they ever get it, is another question), and a few months ago for the toll roads , when the proposed toll prices were decreased slightly. And the Rand value is being manipulated by the govermental powers.

      loki.scribus - 2012-11-02 13:10

      @Jeremy: That's only part of it. There are lots of other levies added to the price of fuel, including road tax (for supposed maintenance) and a Road Accident Fund (RAF) contribution.

      sonia.bloem - 2012-11-02 13:13

      @Jeremy... Yes that might be true, then tell me why the other country don't pay half as much as we do for petrol!!! O and why are our living cost double as much as other countries?? It is corruption....

      Jeremy - 2012-11-02 13:17

      To odupreez, loki and forgotten, yes, of course there are add-ons - and I think you'll find that happens in every country. If you can find any European country which has cheaper petrol than SA, please let me know...

      dewaldmontgomery - 2012-11-02 13:47

      Apparently Jeremy is trying to justify the fact that we pay 'international prices' while SASOL produces 40% of our petrol from our own coal. No, be consistent. Yes, they pay addons overseas. BUT, they don't pay for the same things three times like we do. We pay a percentage of VAT for our roads. We pay a percentage of our PAYE taxes for the same roads. We pay a percentage of the 'addons' for the same roads. And now the corrupt ANC virus wants us to pay another 30-60c per km e-toll on several of the same roads, yet again. See the pattern here?

      paul.malherbe.7 - 2012-11-02 14:03

      me thinks jeremy's got a government job.

      sonia.bloem - 2012-11-02 14:05

      @Dewald, Don't forget about the soon to be E-toll!!!!

      Jeremy - 2012-11-02 14:09

      Dewald, I'm not trying to justify anything....I was just pointing out that the price we pay is determined on a monthly basis by the oil price versus rand value. And while I agree with you regarding add-ons which are supposed to pay for our roads, there's no denying that we do pay less for petrol than most other countries....

      glenda.mackay.18 - 2012-11-03 09:18

      @ Jeremy. Why when I go across the border to Botswana the petrol is cheaper, and yet we supply Botswana?

      michael.taylorw - 2012-11-03 10:11

      Cheaper here in Oz Jeremy.... Australians enjoy among the lowest petrol prices in the developed world. Government taxes (excise and GST) make up a substantial part of the retail pump price - around 50 cents or over 40% of the total at a pump price of A$1.20 per litre. Discounting driven by retail competition provides Australian consumers with the opportunity to buy cheap petrol on a regular basis.

      michael.taylorw - 2012-11-03 10:29

      And according to CNN.money, South Africa is the 27th most expensive place in the world, to buy unleaded petrol....

  • melanie.gardner.7528 - 2012-11-02 12:37

    hmmm now thats a relief! not...

  • ben.louw.5 - 2012-11-02 12:39

    Whatever man... just lowering it now so they can raise it for the Des holiday goers... The best time is when the price doesnt change. When we get a cut it means they're raising again soon.

  • Jeremy - 2012-11-02 12:40

    Every little helps! I'd rather it went down 10c a litre than up by the same amount. Although I'm inclined to agree with Eterni80 who suggests the money should go towards the toll fees! Let's all say NO to toll fees!

      paul.malherbe.7 - 2012-11-02 14:06

      yes i am sure there will be folks out there who will spend R50 to fill up to save R10.

  • marius.koen2 - 2012-11-02 12:43

    this is a joke

  • navin.lowhar - 2012-11-02 12:46

    Ohh Eh Eh 10c is more than enough????

  • ebrunsdon - 2012-11-02 12:49

    Please! What a joke! Breaking news indeed?

  • Blackpoison - 2012-11-02 12:49

    Some breather..... :(

  • MrThreeZeroFive - 2012-11-02 12:51

    Ahggg..! Whatevaa

  • deon.louw.7505 - 2012-11-02 12:54

    It is better than nothing.

  • james.bondiski - 2012-11-02 12:56

    what a bunch of thieves up by R1 down 10c

  • PumaFred - 2012-11-02 12:58

    Petrol down but diesel up. Bloody eskom again burning all the diesel in the \gas\ turbines

  • janis.moolman - 2012-11-02 13:09

    Wtf is this news

  • JNaMolefe - 2012-11-02 13:12

    10c means nothing to us, we want R1.00 off!

  • attie.mostert.9 - 2012-11-02 13:17

    So are we suppose to feel better, next month you increase it again by 60c.

  • dickson.edgar.9 - 2012-11-02 13:29

    Increases by 25c, 93c, 60c, 50c, 86c, decrease by 10c. and the cycle starts again.and we still have to pay for etolls. can someone in the kniw tell me how much we get taxed for every R1 we spend? must be in the region of 90c now. someone confirm/correct me.

  • jaysonpaul.beckwith - 2012-11-02 13:41

    Wow. That's soooo cool. What a saving. I think I'll go out in my lunch break and go get that Lambo I always wanted.

  • willem.leroux2 - 2012-11-02 13:44

    80L -.10SENT THATS R8.00 STILL NEED BIT MORE FOR A BREAD. SEE YOU AT A ROBOT PLEAS HELP

  • michael.smit.73997 - 2012-11-02 13:47

    and PetroSA reported a few billion rand profit last financial year.

  • ray.molekoa.5 - 2012-11-02 13:52

    One step backward today to prepare for four steps forward a couple of weeks later ! We are being hoodwinked like this every time before price increases .

  • nonceba.motsisi - 2012-11-02 13:57

    Kuya fana nje, maybe if benithi R0.70c or R1.00....

  • stirrer.stirrer - 2012-11-02 14:03

    Whoop de doo. I'm underwhelmed.

  • jabu.sibanyoni.5 - 2012-11-02 14:15

    Just a smoke screen to justify more increases to come. What is 10c??? they should have left it unchanged.

  • leonard.rom.7 - 2012-11-02 14:15

    where do you get your calculation from where should go down by 35 cents stop the robbery

  • rahil.khanna.520 - 2012-11-02 14:16

    10 measly cents and nail us with E-Toll ..well done !

  • phahla.matwa - 2012-11-02 14:16

    Wen Europe approaches winter time da fuel pryc wil go up.

  • Khetha Hlophe - 2012-11-02 14:19

    Am not impresed @ all we r still loosing out

  • trevor.dean.10 - 2012-11-02 14:29

    To see how it fluctuates day by day go to www.cef.org.za/images/petrolprice/daily.pdf

  • adam.kruger.9847 - 2012-11-02 15:29

    Striking miners, Downgrading by rating agencies, ... = depreciated currency The price would have dropped more per liter if our currency had been on the pre-strike exchange rate value.

  • herman.kramer.988 - 2012-11-02 15:51

    Breather my .....

  • trevor.pietersen.3 - 2012-11-02 16:34

    What a JOKE

  • wayne.ramsay.90 - 2012-11-02 17:07

    This is a lie....The rand has been run in to the ground cause of all the striking yet it's now cheaper? Even though the conversion rate is higher than last few months by quite a bit. So how does this make any sense?

      JamesMWood - 2012-11-02 18:24

      Quite simple really, the rand has been quite weak for a while now affecting all imports, but over the last month oil has come down by around 7$.

  • delani.mgabhi - 2012-11-02 17:09

    woooh what a joke petrol price drop whoever dicides about petrol price is sick we know for sure that next month the petrol price will go up by not less than 45cent.its high time we South Afriican stand up together and fight this crazy petrol price gvtment must subsidise in my opinion i dnt think we shud pay so much for a litre of petrol while Sasol petrol is made in South africa guys lets fight this

  • drcpot - 2012-11-02 17:47

    Can someone explain why Diesel always rises and are sometimes more expensive than petrol over Desember holidays, then come Feb it changes back, been happening for past couple of years now, Something to do with agriculture maybe?

      mark.a.fysh - 2012-11-02 21:09

      The diesel teat is particularly profitable, because it costs less to produce than petrol - can of worms to be opened I think.

  • Bdamons - 2012-11-02 18:05

    Hey,strat with 100 rand a liter and bring the price down to 3 cent eventually

  • mathamso - 2012-11-02 18:20

    Please dont drop it, instead drop it in Dec with double this figure... 20c, cause I know next year it wil go up by 40c...

  • conway.hunter.9 - 2012-11-02 18:29

    Thank you ANC for the 10c decrease, but shame, why dont you rather keep it and rather fly all your families to Europe for Christmas and stay in 5-Star hotels and go on shopping sprees....we would hate to deprive you of the privelege by stealing back 10c

  • usha.hunsraj - 2012-11-02 18:35

    I am aware that our petroleum companies are involved with price fixing. The government has already imposed huge fines. Please let me know how I will benefit from this. Just a mere 10c is a slap on my face when they were ripping me off hundreds of rands. Please let me know, how I the consumer will benefit and what will happen to all the money that was received by government on previous fines for price fixing.

  • mark.a.fysh - 2012-11-02 21:01

    Nobody is taken in by these crumbs from the unholy alliance between gvt and the fuel companies. Lots of profit and tax, especially when one milks the oil-cow to its knees, without, I may add, re-capitalising for modern engines or future growth. Time for the curtains to open on that stinking mess.

  • sanjay.monsingh - 2012-11-03 06:54

    come December and expect a big rise ,remember you ,the common man are not allowed to be happy

  • debduplessis - 2012-11-03 08:30

    You call 10c a breather!!??? .... I dont I cant even spend that in the shops...

  • jacque.fransman - 2012-11-03 20:12

    They can keep their 10 cent give it to their kids they hicked up with almost R3 and give us 10 cents no thanks

  • regie.bezuidenhout.3 - 2012-11-06 12:42

    YE RIGHT BRING PETROL PRICE BACK TO A FAIR PRICE!!!!!! BREATHER MY A!!!!!!

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