500ppm

-11.32

50ppm

-9.55

ULP95

-3.37

ULP93

-15.18

IP

-17.49

MEDIA STATEMENT - FOR RELEASE ON 31 AUGUST 2018

RELEASED BY CEF (SOC) LTD ON BEHALF OF THE DEPARTMENT OF ENERGY ENQUIRIES: MRS LERATO NTSOKO 082 459 2788 / MR J MOKOBANE 082 766 3674

1. PRICE CHANGES TO BE EFFECTED ON WEDNESDAY 05 SEPTEMBER 2018 IN GAUTENG (INCREASE) / DECREASE

Product:

  • Both Grades of Petrol 93 & 95 (ULP & LRP) = (5.00) cents per litre increase in retail price
  • Both Grades of Diesel 0.05% and 0.005% Sulphur = No change 
  • Illuminating Paraffin (Wholesale) = No change
  • Illuminating Paraffin (SMNRP) = No change
  • Maximum Retail Price for LPGAS = No change

2. TEMPORARY FUEL PRICE INTERVENTION MEASURE

The Minister of Energy approved the urgent temporary fuel price intervention measure, except for the increase in paragraph 4.

3. ECONOMIC FACTORS AFFECTING THE UNIT OVER/UNDER-RECOVERIES FOR THE PERIOD 27 JULY 2018 TO 30 AUGUST 2018

The average international product prices of Petrol and Diesel and Illuminating Paraffin increased during the period under review.

The Rand depreciated against the US Dollar during the period under review, on average, when compared to the previous period. The average Rand/US Dollar exchange rate for the period 27 July 2018 to 30 August 2018 was 13.9430 compared to 13.4713 during the previous period.

4. INCREASE IN THE RETAIL MARGIN APPLICABLE TO PETROL

The Minister of Energy has approved a retail margin increase of 4.9 c/l to be effected in the retail price structures of all octane grades of petrol with effect from 05 September 2018. This increase is necessary to accommodate the wage increases of pump attendants, cashiers and administrative staff at service stations.

5. SLATE LEVY

In line with the Self-Adjusting Slate Levy Mechanism Rules, the Slate levy on petrol and diesel will remain at 0.00 c/l with effect from 05 September 2018.

6. SINGLE MAXIMUM NATIONAL RETAIL PRICE FOR ILLUMINATING PARAFFIN (SMNRP)

The Single Maximum National Retail Price for the period 05 September 2018 to 02 October 2018 will remain unchanged compared to 1 233.0 c/l for the period 01 August 2018 to 04 September 2018.

7. MAXIMUM LPGAS REFINERY GATE PRICE

The maximum refinery gate price will be R 9 748.20 per metric ton (541.03 c/l), excluding VAT, for the period 05 September 2018 to 02 October 2018.

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