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New taxes on fuel to take gasoline prices to a record high



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All grades of gasoline and diesel fuel will rise up to R1.34c / l come on Wednesday, April 3, the Energy Department announced on Saturday evening.

Motorists will pay close to P15 / liter of gasoline for the first time this year.

Energy Minister Jeff Radebe said that April with a & # 39 is an important month in fuel prices calendar to review the road and pipeline tariffs, as well as fuel and charges fund road accidents, which will be implemented in the structure of gasoline, diesel fuel and lighting paraffin (IP).

"Their overall contribution to the increase in fuel prices is about 26.00c / l in Gauteng while international factors accounted for about 106.00c / l for petrol and 56.00c / l for diesel and IP."

fuel prices in South Africa are adjusted on a monthly basis, said international and local factors.

In the domestic market, an increase in fuel and road accident fund paid 15.0c and 5.0cpl, respectively, as announced by Finance Minister Tito Mboweni in his Budget Speech in February, it has been included in the new adjustments in fuel prices.

There was also a hike in transport costs. The increase in initial cost of transport refers to the average annual increase of 10.96% of the transport tariffs road and an annual increase of 10.95% in the pipeline transportation costs declared by the National Power Control in South Africa in March.

Increasing the primary transport value will vary in zones 54 pricing fuel due to the different increase in transport costs, the price used in the 54 areas. For example, transportation costs for gasoline and diesel fuel will increase by 5.7 cpl in Gauteng and 0.3 cpl in coastal areas.

International factors include the fact that South Africa imports oil and finished products at a price set at the international level, including the cost of imports, such as delivery charges.

Based on the current domestic and international factors, fuel prices in April for 2019 will be adjusted as follows:

  • Petrol (93 Octane, TNAs and LRP): 134,00 g / l increase;
  • Petrol (95 Octane, TNAs and LRP): 131,00 g / l increase;
  • Diesel (0.05% sulfur): 81.70 g / l increase;
  • Diesel (0.005% of sulfur): 82.70 g / l increase;
  • Light Paraffin (opt): 63.00 g / l increase;
  • SMNRP for IP: 65.00 g / l increase;
  • LPGas Maximum Retail Price: 171.00 g / kg increase.

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