The retail price of all grades of petrol will decrease by 11 cents per litre on Wednesday December 7, the Department of Energy says.
However, the price of 0.05% sulphur diesel and the price of 0.005% sulphur diesel would rise by 47.239 cents per litre and 44.239 cents per litre respectively, the Department added on Friday in a statement.
Wholesale paraffin would rise by 43.015 cents a litre, and the price of illuminating paraffin (SMNRP) would increase by 57 cents per litre.
There would be also be a 41 cents per kilogram decrease in the maximum retail price for LPGAS, the Department said.
During the period under review, the average international product prices of petrol decreased, while that of diesel and illuminating paraffin increased, the Department said.
The average Rand/US Dollar exchange rate weakened when compared to the previous period.
"The average Rand/US Dollar exchange rate for the period 28 October 2011 to 01 December 2011 was 8.1398 compared to 8.0012 during the previous period," the Department added.
The deterioration of the rand against the US dollar increased the contribution to the basic fuels rice on petrol, diesel and illuminating parrafin by 10.21 c/l, 11.87 c/l and 11.72 c/l respectively.
The Department said the Minister of Energy had approved the implementation of revised operating cost recoveries and investor margin into the price structures of petrol, diesel and illuminating paraffin with effect from 7 December 2011.
The retail margin on petrol would increase from 85.2 c/l to 91.8 c/l, the wholesale margin on petrol, diesel and illuminating paraffin would be adjusted to 52.5 c/l, that was a decrease of 1.601 c/l on 95 petrol octanes and a decrease of 1.369 c/l on 93 petrol octanes, a decrease of 1.361 c/l on diesel (0.05% and 0.005% Sulphur) and a decrease of 1.585 c/l on illuminating paraffin.
The Storage, handling and delivery cost on petrol, diesel and illuminating paraffin would rise from 11.4 c/l to 21.0 c/l.
Petrol 95 ULP octane in Gauteng would now cost R10.66 a litre and R10.36 at the coast, according to Friday's price adjustment.
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