Fuel price change for September 2014
The pump prices of both grades of petrol and wholesale diesel, as well as the maximum retail prices of illuminating paraffin and liquefied petroleum gas (LPG), are set to decrease from September 3, the Department of Energy said on Friday.Petrol would drop by 67c/l, diesel by 25.38c/l, illuminating paraffin by 25c/l and LPG by 108c/kg.
Fuel Saving Tips
Fuel Pricing in South Africa
Follow these tips to save on petrol:
- Lighten your load
- Avoid excess idling
- Service your car regularly
- Switch off the aircon
- Check your tyre pressure
- Check Wheel-Alignment
There is speculation that consumers could be hit by a 27cents/litre increase in the petrol price on the first Wednesday of September.Brent oil prices climbed to above $111 per barrel to a four-month high on Thursday on fears that violence in Egypt could affect the Suez Canal or spread in the Middle East, where supplies are already disrupted.Click on this website for active fuel pricing from the fuel Retailers organisation in South Africa.
THE BASIC FUEL PRICE AND STATE LEVY – 53.1%
This amount is the cost involved in importing the fuel from refineries in the Mediterranean, Singapore, and the Arab Gulf, and includes a number of charges such as shipping, taxes and down payments which have to be paid by oil importers in order for the petrol to arrive on South African soil. Since this component makes up just over half the petrol price, the rest is accounted for by the following domestic charges:
From these numbers, it becomes clear that the biggest cause of expensive fuel in South Africa, besides the basic cost of oil, is the sizeable taxation which is paid to the government. Although these taxes pay for the Road Accident Fund, the price of fuel could be reduced if a lower tariff were applied, easing the burden on South Africa’s road users.