The Department of Energy has released the new fuel prices for April 2012, reflecting the fuel adjustment effective 00H01 on Wednesday, 4th April, 2012 (midnight Tuesday 3rd April, 2012):
1. INCREASES IN THE GENERAL FUEL LEVY (FUEL TAX) AND THE ROAD ACCIDENT FUND LEVY APPLICABLE IN THE PRICE STRUCTURES OF PETROL AND DIESEL
The Minister of Finance, in his Budget Speech of 22 February, announced that the General Fuel Levy and the Road Accident Fund Levy on petrol and diesel will increase by 20.0c/l and 8.0c/l respectively with effect from 04 April 2012.
2. ADJUSTMENT TO THE OCTANE/PRODUCT COST DIFFERENTIAL AMOUNT BETWEEN 95 AND 93 PETROL OCTANES
In line with the Working Rules to administer the Basic Fuel Price, the product cost diffirential between 95 and 93 Petrol Octane graes is adjusted on a quarterly basis. The product costs differential has decreased by 1.0 c/l and therefore 93 Octane Petrol prices increases will be 1.0 c/l less that that of 95 Octane.
3. ADJUSTMENTS TO THE TRANSPORT COSTS OF PETROL, DIESEL AND ILLUMINATING PARAFFIN PRICE STRUCTURES
The Minister of Energy has approved that revised pipeline and road transport tariffs are implemented into the price structures of petrol, diesel and illuminating paraffin with effect from 04 April 2012. The pipeline transport tariff adjustments are based on the decision by the National Energy Regulator of South Africa (NERSA) which sets pipeline transport tariffs and the road transport tariffs were set in line with the Vehicle Costs Schedule (concept 17 tanks) of the Road Freight Association (RFA) with effect from October 2011. Primary transport costs implemented into fuel price structures is an extension of the import parity and the cost- recovery principle used by the Department of Energy to determine the value of primary costs in each of the Fuel Pricing Zones. The magnitudes of transport costs reflected in fuel prices structures are therefore a funtion of transport distances form the inland region. Taking cognizance of the revised pipeline and road transport tariff adjustments to be effected on 04 April 2012, the magnitude thereof will differ between Fuel Price Zones and therefore final fuel price adjustments to be effected on 04 April 2012 will differ between Fuel Price Zones as illustrated in the example below:
|
| ADJUSTMENTS |
COAST |
GAUTENG |
KIRKWOOD |
PRIESKA |
| BFP |
38 |
38 |
38 |
38 |
| Fuel Tax |
20 |
20 |
20 |
20 |
| RAF |
8 |
8 |
8 |
8 |
| Zone differential |
4 |
1.1 |
1.1 |
7.6 |
| Rounding |
-4 |
-3.9 |
-0.1 |
0.4 |
| Total Price Increase |
66 |
71 |
67 |
74 |
|
|
|
|
|
| Diesel (0.05% Sulphur) wholesale price adjustments w.e.f 04 April 2012 |
|
|
|
|
|
| BFP |
20 |
20 |
20 |
20 |
| Fuel |
20 |
20 |
20 |
20 |
| RAF |
8 |
8 |
8 |
8 |
| Zone Differential |
-4 |
3.9 |
1.1 |
7.6 |
| Total Price Increase |
47.6 |
51.9 |
49.1 |
55.6 |
|
|
|
|
|
| Illuminating paraffin wholesale price adjustments w.e.f 04 April 2012 |
|
|
|
|
|
| BFP |
21 |
21 |
21 |
21 |
| Fuel Tax |
N/A |
N/A |
N/A |
N/A |
| RAF |
N/A |
N/A |
N/A |
N/A |
| Zone differential |
-0.4 |
5.6 |
1.1 |
7.6 |
| Total Price Increase |
20.6 |
26.6 |
22.1 |
28.6 |
|
|
|
|
|
|
4. IMPACT OF PETROL PUMP ROUNDINGS ON PETROL PRICES
Petrol prices are sold in full cents per litre whilst the elements in the price structures are reflected in decimals. A pump price rounding element is included in the price structures in all pricing zones which will differ between petrol pricing zones due to different values of primary transport costs included in the petrol price structures. In line with the Working Rules to administer the Basic Fuel Price, the pump price rounding in zone 1A must be 0.0 c/l. This will have an impact on the magnitude of changes to pump rounding in all petrol pricing zones for example the cumulative effect of the pump price rounding in Gauteng (zone 9C) is 1.1 c/l
5. MAXIMUM RETAIL PRICE FOR LP GAS The Maximum retail price for LPGas wil increase by 68.0 c/kg country-wide
6. SINGLE MAXIMUM NATIONAL RETAIL PRICE FOR ILLUNINATING PARAFFIN (SMNRP)
The Single Maximum National Retail Price for Illuminating Paraffin changes on a monthly basis and is promulgated in the Government Gazette. The Single Maximum National Retail Price for the period 04 April 2012 to 1 May 2012 will be 1 064.0c/l compared to 1 032.0 c/l for the period 07 March 2012 to 3 April 2012, that is an increase of 32.00 c/l.
NOTE: Please check with your Depot or Distributor what the DELIVERY PRICING ZONE for your area is and then should you require confirmation of the actual pump price per your zone, please do not hesitate to contact Henriette Coetzee on (012) 348-9311 or (012) 3489318.
Kind Regards,
PETER NOKE NATIONAL DIRECTOR