Petrol price hike ahead of holidays
Fin24

Petrol price hike ahead of holidays

2010-11-26 13:17

Johannesburg – The retail price of all grades of petrol will increase by 13c a litre on Wednesday December 1, the Department of Energy announced on Friday.

This is from a 20c a litre increase in November.    

The price of 0.05% sulphur diesel will increase by 14c a litre while that of 0.005% sulphur diesel will increase by 15c per litre.

Wholesale paraffin will increase by 14c a litre, and the price of illuminating paraffin - SMNRP- will rise by 19c per litre.

The maximum retail price for LPGAS will increase by 17c per litre, the energy department said.

During the period under review, the average international product prices of petrol, diesel and illuminating paraffin increased.

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

The average rand/US dollar exchange rate for the period October 29 2010 to November 25 2010 was 6.9767 compared to 6.9374 during the previous period.

Petrol in Gauteng will now cost 845c a litre from 832c before, and 821c at the coast from 808c before.

Comments
  • no surprise there! - 2010-11-26 13:39

    Shock...Horror...surprise...NOT! happened last year as well.

  • Read - 2010-11-26 13:42

    So What's new in this *&^#$%#^? Country. Look at the past years its always when the interest rate goes down than they have to get back our hard earned money by increasing the price of fuel. Now when its Christmas what are the people going to do who uses parrefin? Our Government gives with one hand and takes with the other. One question why are the taxis exclouded form the emmisions tax

  • Tired - 2010-11-26 13:43

    Again yippee, this has nothing to do with economy, it has to do with SA citizens travelling alot over the xmas period and our greedy government just filling their pockets for the xmas season. Meery xmas. Screwed again. ps, watch the price drop after New Year.

  • JHS - 2010-11-26 13:45

    Typical, every year the price gets increased during the minths leading up to the holiday season. So that the gov can get more money.

  • BrotherDave - 2010-11-26 13:53

    Our demon possessed Department of Energy does it again!!

  • Cobus Lubbe - 2010-11-26 13:56

    It is rather strange that the government always increase the petrol price during December holidays. They never decrease it! I believe it is a scam as they know there will be more motorists on the road during the holiday season. It is purely a moneymaking scam.

  • tommy - 2010-11-26 14:05

    Like everything else it sounds like a conspiracy - fantastic timing hey!

  • Johnathan - 2010-11-26 14:07

    I'd like to pre-emptively say (once again) that people should be aware that the government DOES NOT make more money from fuel taxes when the price increases. The fuel taxes are FIXED AMOUNTS. Therefore, only a change in the amount of litres of fuel sold results in the government getting more money. If the price goes up, marginally LESS fuel is actually sold, so the government makes LESS money when the prices goes up.

  • Oudit - 2010-11-26 14:08

    So whats new our Government gives with the right hand and takes with the left, just look at all the previous increases in fuel it's almost just after the interest rate had decreased. As it is we are all under extreme pressure to make ends meat (pardon the pun). question why are the taxis being excluded from the emmisions tax and why not CAP the state exec income.?

  • maichael - 2010-11-26 14:17

    Where are all those that want to weaken the Rand? Image the exchange rate being R 10/dollar. Price of fuel will then be over the R 10 per litre mark..........

  • Johnathan - 2010-11-26 14:19

    I'd like to pre-emptively say (once again) that people should be aware that the government DOES NOT make more money from fuel taxes when the price increases. The fuel taxes are FIXED AMOUNTS. Therefore, only a change in the amount of litres of fuel sold results in the government getting more money. If the price goes up, marginally LESS fuel is actually sold, so the government makes LESS money when the prices goes up.

  • sakmaz - 2010-11-26 14:19

    sucks

  • HATESA - 2010-11-26 14:23

    Thanks alot for nothing you idiots! Push the price up before the holidays! mess up OUR hard earned break! Rotters! BET Zuma Needs an Extra million or 2 for his Holiday hay!

  • Benchsitter - 2010-11-26 14:26

    Ha the Gov strikes again. Abselutely no reason for last two increases at all. Just another way of milking the fast draining cow.

  • EmTee - 2010-11-26 14:36

    And this will of course push food prices up...and they say inflation is below 5%

  • R - 2010-11-26 14:39

    Typical, there is ALWAYS a price hike before the holidays just to fund more government officials pockets!!

  • jack - 2010-11-26 14:39

    i feel that there should be a audit in the fuel sector there must be corruption in tha t dept

  • jack - 2010-11-26 14:44

    the petrol manufacture must get audited there must be a lot of fatcats in there.the gov wants the people to spend money in the shops, but wants it to go in there coffers south africans enjoy your robbed xmas

  • rabs - 2010-11-26 14:51

    good, accident stats will decrease, eish department of transport will claim service delivery

  • 50 CALIBER - 2010-11-26 14:56

    Well what else did anyone expect??? It's xmas time again and the thieving anc need extra cash for their new BMW's and their squeezas.

  • tjarara - 2010-11-26 15:04

    we the poor are in danger. where is cosatu? the weaker rand eats in the pocket of the working class. pravin gordan doesnt pay for petrol, nor he pays stallment for his car.

  • anon - 2010-11-26 15:42

    Funny, the price of crude has been fairly stable and has remained fairly consistent over the past 3 months, why is there now a new hike. This leaves yet another bad taste in people's mouths.

  • Mike - 2010-11-26 16:14

    Damn this whole petrol increase thing is giving me headache,we want to go places this festive and this now!Am sure if its not one of those "Money making for fat cats bonuses".

  • Johan1 - 2010-11-26 16:54

    Cobus Lubbe, actually, in the last few years, the petrol price has almost always decreased in December. The only month that beats December for frequency of decreases is January. You just make these statements, but if you actually went and LOOKED AT THE DATA, you'd realise that you're talking nonsense.

  • sz - 2010-11-26 17:00

    The petrol price is determined entirely transparently. I wish people would look at the formula before whinging.

  • Roelof De Lange - 2010-11-26 18:21

    Just another way that THE GOVERNMENT CREATE MORE MONEY FOR THEM SELF TO SPEND ON THEIR BIG CARS AND COURT CASES!!!!!!!!!!!!!! WE LIVE FAR FROM PARENTS DUE TO NOT FINDING WORK ANYMORE NOW MY CHILDREN CAN'T EVEN SE THEIR GRAND PARENTS. YOU GOT TO LOVE CORRUPT S.A.

  • motala - 2010-11-26 18:26

    It's pure supply & demand. The ANC knows well thats it's the festive season & this is the time to cash in. Well done to the chiefs in thieves, U know well how to SCREW the nation. AMANDLA to U, ANC. I 4 one do not get caught in this madness end of year rush so they definately will not be cashing in on me. HAH !

  • Mohot - 2010-11-26 19:37

    I'd just like to know is it any coincidence that interest rates go down, petrol goes up. when rates are high, petrol is generally low. so whatever benefit i get from low rates is gonna go to my petrol tank.....you wont meet me in the shops this christmas.

  • Albert - 2010-11-27 00:54

    Now I remember why I left !! paying R5 a liter here.. oh and almost no toll roads, where there are toll toads you have a option to go through the "drive by", +- 500m detour and you are on you way again. But I generally pay, its like R2 ....

  • Bulelani - 2010-11-27 08:26

    da simplest way to destroy a person is 2 give him power so that dey misuse it and being terminated, lets s just buy the petrol n let dem 2 vacate our territory

  • Jiri - 2010-11-27 11:28

    this is what you ask for... weaken the rand and your imports like oil go up.. this is a prime example of the weak rand policy. imagine if the rand goes to R 9 per $ the petrol will up to 9/10 lt. the unions will demand higher wages..food will go up because of transport cost. WELL DONE YOU MORONS WHO WANT A WEAKER RAND.. JIRI

  • ockert - 2010-11-27 11:58

    Was the "Brent" price in 2001/2002 when the Rand was going @ R13-R14 to the dollar - not + - $70 ?, and what was the price of Petrol at that time --- can anyone remember ??

  • INXS - 2010-11-27 14:31

    Here's a question. You travel 4,000 km's this holiday (i.e. for a Jhb - CT holiday). Your car's consumption is 8km's per liter. You will need 500 l of petrol for the entire holiday. 500l @ R0.13 increase per l = R65-00. Can you really not afford an additional R65-00 for your holiday ? (One less take-away - not even) Priorities, priorities, priorities....

  • Darryl - 2010-11-27 14:34

    @SZ, you incompetent twit. You actually believe that formula. You cant see your own govermunt milking you dry. WAKE UP, Or is is that you refuse to believe that corruption is rife. No wonder the ANC get s votes, its from dooooses like you.

  • Gatvol - 2010-11-27 18:34

    Johathan......which country do you live in?? Clearly not South Africa. Anyone that is so naive to believe that what happens in this country isn't ALWAYS to fill 'their' pockets obviously doesn't live here.

  • @gatvol - 2010-11-29 08:30

    with a name like that. nothing positive can ever come out of you.

  • Johnathan - 2010-11-29 13:33

    Gatvol, actually I paid attention at school and university and therefore I know how to do sums. (Don't worry, it was still the old school system, just in case you're going to accuse me of being ANC-indoctrinated or something). Believe me, I dislike most of what our current government is doing as much as the next man, but one thing you can't accuse them of is making money from an increasing petrol price (except of course in April of each year, when the fuel levy is usually increased). It's very simple. They levy a fixed monetary amount per litre, regardless of the final retail price. Therefore, changes in the retail price have no direct impact on the amount of tax collected through the fuel levy. Unlike VAT, which is an ad valorem tax.

  • Jan - 2010-11-29 23:11

    @Jiri: At least one other person with common sense! I surely hope all of those wishing for the Rand, that is "overvalued", to weaken against the US Dollar, is not upset by the increase in petrol price.. if the Rand drops further everything (including transport)will end up costing a LOT more very soon!!

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