The retail price of all grades of petrol will decrease by nine cents per litre (c\/l) on Wednesday December 5\u201a the Department of Energy announced on Friday (30 November).<\/p>\n
The price of 0.05% sulphur diesel will cost five c\/l less while that of 0.005% sulphur diesel will fall by six c\/l.<\/p>\n
Although the international product prices increased during the current fuel price review period\u201a the increases were cushioned by the very high unit over-recoveries which were realised at the start of the current fuel price review period.<\/p>\n
The department noted that the average unit over recoveries were still realised on all fuels.<\/p>\n
The fuel price decreases would have been more had the department not implemented margin increases.<\/p>\n
The Miniser 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\u201a as well as an incrase in the wholesale margin applicable to petrol\u201a 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\u201a diesel and IP.<\/p>\n
The average rand\/dollar exchange rate weakened when compared to the previous period.<\/p>\n
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.<\/p>\n
Petrol 95 ULP octane in Gauteng will now cost R12.01 a litre\u201a while at the coast it will cost R11.66 per litre.<\/p>\n
The Single Maximum National Retail price for illuminating paraffin will decrease by 5 c\/l.<\/p>\n
The maximum retail price for liquid petroleum gas will decrease by 35 cents per kilogramme.<\/p>\n
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