Motorists across South Africa are facing a steep petrol price increase starting from Wednesday, 7 April 2021, according to a schedule the Department of Energy published on Tuesday.
The schedule follows a fuel price adjustment announcement by Mineral Resources and Energy Minister Gwede Mantashe last week.
Petrol price increase in South Africa for April 2021
Mantashe announced the April 2021 petrol price increase as follows:
- Petrol (both 93 ULP and LRP): 95.00 cents per litre increase.
- Petrol (both 95 ULP and LRP): 100.00 cents per litre (R1 per litre) increase.
- Diesel (0.05% sulphur): 65.20 cents per litre increase.
- Diesel (0.005% sulphur): 63.20 cents per litre increase.
- Illuminating Paraffin (wholesale): 34.80 cents per litre increase.
- SMNRP for IP: 35.00 cents per litre increase.
- Maximum LP GAS Retail Price: 48.00 cents per kilogram increase.
Petrol price for April 2021
According to the schedule published on Tuesday, petrol price for April 2021 for the different zones in South Africa is as follows:
- 93 ULP and LRP: R17.10 (inland region).
- 95 ULP and LRP: R17.32 (inland region).
- 93 ULP and LRP: R16.49 (coastal region).
- 95 ULP and LRP: R16.61 (coastal region).
- 0.05%: R14.77 (inland region).
- 0.005%: R14.80 (inland region).
- R8.80 (inland region).
- R7.98 (coastal region).
- Single maximum retail price for illuminating paraffin: R11.06 (countrywide).
The maximum LP GAS refinery gate price is R11,748.89 per metric ton (652.06 cents per litre – or R6.52 per litre) for both inland and coastal regions.
Reasons for the increase
Mantashe cited several factors that caused the increases in fuel prices, including the increase in the average Brent Crude oil price from $61 to $64.
“With respect to finished products, the movement in international prices of petrol, diesel and illuminating paraffin increased by about 61.72 c/l, 27.22 c/l and 25.26 c/I respectively, during the period under review,” he added.
The rand also depreciated against the US dollar during the period, sliding from 14.76 to 14.95 to the dollar.
Pursuant to Finance Minister Tito Mboweni’s announcement during his budget speech in February, the Fuel and Road Accident Fund (RAF) Levies on both petrol and diesel will increase by 16.00c/l and 11.00c/l respectively from 7 April.
Furthermore, Mantashe “has approved the implementation of revised zone differentials into the price structures of petrol, diesel and illuminating paraffin (IP) with effect from the 7th of April 2021.”
These road and pipeline transport tariff adjustments have pushed petrol prices up, the Minister explained.
The final reason is the change in the Basic Fuel Prices (BFP differential. “The BFP Octane differential has changed during the previous quarter and therefore the retail prices of 95 and 93 petrol octanes will be different in each fuel- pricing zone with effect from 7th of April 2021,” Mantashe said.