What were the monthly petrol prices in South Africa in 2009?

Answer 1

Adjustment to the fuel price: Wednesday, 4 February 200930 January 2009 Product:

Petrol (all grades): 61.000 cents per litre increase in retail price

Diesel 0,05 percent Sulphur: 5.000 cents per litre decrease in wholesale price

Diesel 0,005 percent Sulphur: 7.000 cents per litre decrease in wholesale price

Illuminating paraffin (wholesale): 14.000 cents per litre decrease in wholesale price

Illuminating paraffin (SMNRP): 19.000 cents per litre decrease in the Single Maximum National Retail price (SMNRP) Economic factors affecting the unit over/under-recoveries for the period 2 January 2009 to 29 January 2009

During the period under review, the average international product prices of petrol increased whilst diesel and illuminating paraffin decreased. The average Rand/United States (US) dollar exchange rate strengthened when compared to the previous period. The average Rand/US dollar exchange rate for the period 2 January 2009 to 29 January 2009 was 9.9332 compared to 9.9518 during the previous period. Single maximum national retail price for illuminating paraffin (SMNRP)

The Minister of Minerals and Energy has approved the implementation of a Single Maximum National Retail Price for Illuminating Paraffin with effect from 2 April 2003. The Single Maximum National Retail Price for Illuminating Paraffin will change on a monthly basis from the first Wednesday of each month and will also be promulgated in the Government Gazette. The Single Maximum National Retail Price with effect from 4 February 2009 to 3 March 2009 will be 629,0 cents per litre compared to 648,0 cents per litre from 6 January 2009 to 3 February 2009, that is a decrease of 19,00 cents per litre. Maximum LPGAS refinery gate price

The maximum refinery gate price will be R4 396 58 per metric ton (244,01 cents per litre) for the period 4 February 2009 to 3 March 2009. Price adjustment

In terms of the agreed mechanism:

* Price changes are adjusted in such a manner that the over-or under-recovery during the prior month will be corrected in the following month. * The unit over-or under-recoveries are rounded up or down to the nearest full cent so that the effect of rounding contributes to the clearing of the cumulative balance of the individual products on the slate. * In order to manage a negative balance in the cumulative over/(under) recovery account (the slate), a Self-Adjusting Slate Levy Mechanism (SLM) has been implemented with effect from 7 January 2009 (the SLM is available on the website of the Department of Minerals and Energy (DME)). A slate levy will only be applicable on all petrol and diesel grades if the slate balance is negative (cumulative under recovery) by more than R250 million. Breakdown of price adjustment

The price adjustments in (1) above are based on the following actual data:

Average product over/(under)-recovery, measured for the 20 days from 02/01/200 to 29/01/2009 (cents / litre) as detailed below.

Petrol 95 ULP: 61.056

Diesel 0.05 percent: 4.979

Diesel 0.005 percent: 6.226

Illuminating Paraffin: 14.351 Cumulative positive or negative slate balances end of December 2008 (R-million)

Petrol 95 ULP: 1 985.228

Diesel 0.05 percent: 625.971

Diesel 0.005 percent: 625.971

Illuminating Paraffin: (84.759) The price adjustments consist of the following elements (c/l):

Average product over/(under)-recovery rounded to the nearest full cent for price (increase) / decrease

Petrol 95 ULP: (61.000)

Diesel 0.05 percent: 5.000

Diesel 0.005 percent: 7.000

Illuminating Paraffin: 14.000 Total price (increase)/decrease:

Petrol 95 ULP: (61.000)

Diesel 0.05 percent: 5.000

Diesel 0.005 percent: 7.000

Illuminating Paraffin: 14.000 Report of the independent auditors

The report of the independent auditors is available on request. Analysis of the elements that resulted in the over or under-recoveries

The over or under-recoveries for the period under review were affected by the factors set out below, which can be quantified as follows: Movements in external factors

Movement in International Product Prices:

Petrol: (61.710)

Diesel 0.05 percent: 4.164

Diesel 0.005 percent: 5.397

Illuminating Paraffin: 13.582 Movement in Exchange Rate

Petrol 95 ULP: 0.654

Diesel 0.05 percent: 0.815

Diesel 0.005 percent: 0.829

Illuminating Paraffin: 0.770 Over/ (under)-recovery for the period 2 January 2009 to 29 January 2009

Petrol: (61.056)

Diesel 0.05 percent: 4.979

Diesel 0.005 percent: 6.226

Illuminating Paraffin: 14.351 Enquiries:

Mr B Khumalo

Tel: 012 679 9032

Cell: 082 773 2388 Issued by: Department of Minerals and Energy

30 January 2009