More petrol pain for consumers

The price of 95 Octane petrol is set to rise by seven cents per litre, while 93 Octanes will go up five cents a litre from next Wednesday, the energy department has said.

Diesel however, will decrease by 8.8 cents a litre in April, the department said.

South Africa’s fuel prices are adjusted on a monthly basis, informed by international and local factors.

International factors include the fact that South Africa imports both crude oil and finished products at a price set at the international level, including shipping costs.

The Department of Energy noted that, since 2008, the Incremental Inland Transport Recovery System (IITRS) levy of 3.0 cents per litre was included in the fuel price to recover the cost of transporting petroleum products by alternative modes of transport other than the pipeline from the Durban to the inland markets.

The Minister of Energy has repealed this levy with effect from 2 April 2014 as result of the commissioning of the multiproduct pipeline.

This means that inland motorists will pay 3.0 cents per litre less on the pump price.

Minister of Energy, Dikobe Ben Martins said: “The scrapping of the 3.0 cents per litre levy due to the commissioning of the multiproduct pipeline has had a positive effect on the latest fuel price adjustments. This is consistent with government’s programme to build new infrastructure that benefits South Africans”.

The fuel prices for April 2014 in the Gauteng zone will be adjusted as follows:

  • Diesel (0.05% Sulphur) will decrease by 8.8 cents/litre;
  • Diesel (0.005% Sulphur) will decrease by 7.8 cents/litre;
  • Petrol (93 octane) will increase by 5.0 cents/litre;
  • Petrol (95 octane) will increase by 7.0 cents/litre;
  • Illuminating paraffin (Wholesale) will decrease by 34.5 cents/litre;
  • Illuminating Paraffin (SMNRP) will decrease by 49 cents/litre;
  • Liquefied Petroleum Gas (Maximum Retail Price) will decrease by 22 cents/kilogram.

“The decrease in the price of illuminating paraffin and LPG will benefit households that use these products, especially as winter approaches,” Martins said.

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More petrol pain for consumers