The Department of Mineral Resources and Energy has published the official fuel price adjustments for April 2023.
The price adjustments for the month are different based on region, with coastal regions seeing a bigger drop in prices.
Overall, prices will be all be coming down, except for Petrol 95 in Gauteng, which will see a marginal increase of 2 cents per litre.
The changes will come into effect from Wednesday, 5 April 2023.
|Petrol 93||decrease of 1 cent per litre||decrease of 8 cents per litre|
|Petrol 95||increase of 2 cents per litre||decrease of 5 cents per litre|
|Diesel 0.05%||decrease of 74 cents per litre||decrease of 81 cents per litre|
|Diesel 0.005%||decrease of 75 cents per litre||decrease of 82 cents per litre|
|Illuminating Paraffin (wholesale)||decrease of 125 cents per litre||decrease of 138 cents per litre|
|LPGAS||decrease of 92 cents per kilogram||decrease of 93 cents per kilogram|
The Minister of Finance, in his Budget Speech on 22 February 2023, announced that no increases will be made to the General Fuel and Road Accident Fund levy on both petrol and diesel.
With effect from 5 April 2023, the Fuel Levy in the price structure of petrol and diesel will remain at 394.0 c/l and 380.0 c/l, respectively, and the Road Accident Fund Levy in the price structure of both petrol and diesel will remain at 218.0 c/l.
In line with the Ministerial approval, the annual adjustments to transport tariffs applicable in petrol, diesel and IP price structures will range from an increase of 0.8 c/l (Coast District Pricing Zone) to 40.8 c/l (Gordonia Central Magisterial District Pricing Zone).
The primary transport tariffs applicable to the transport of petrol and diesel mainly by means of the road and pipeline network has increased. As a result of the different transport tariff adjustments to be implemented on 5 April 2022, price changes to similar products will differ in the 54 Magisterial District Pricing Zones.
The average international product prices for Petrol, Diesel and Illuminating Paraffin decreased 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 24 February 2023 to 30 March 2023 was 18.3045 compared to 17.7402 during the previous period.
This led to a higher contribution to the Basic Fuel Prices (BFP) on petrol, diesel and illuminating paraffin by 37.88 c/l, 38.84 c/l and 38.15 c/l respectively.
In terms of the Working Rules to administer the BFP, the differentials between 95 and 93 petrol grades are adjusted at the beginning of each quarter. The BFP differentials between 95 and 93 petrol grades have changed, therefore the different price adjustments between the two grades.
The combined cumulative petrol and diesel Slate balances at the end of February 2023 amounted to a negative balance of R 2.433 billion.
In line with the provisions of the Self-Adjusting Slate Levy Mechanism, a Slate Levy of 17.54 c/l (decrease of 4.38 c/l) will be implemented into the price structures of petrol and diesel with effect
from 5 April 2023.
This is how the price changes will reflect at the pumps:
|Inland||March Official||April Official|
|93 Petrol||R22. 65||R22.64|
|0.05% diesel (wholesale)||R21.63||R20.89|
|0.005% diesel (wholesale)||R21. 72||R20.97|
|LPGAS (w/kg)||R38.68||R37. 76|
|Coastal||March Official||April Official|
|93 Petrol||R22.00||R21. 92|
|95 Petrol||R22. 30||R22.25|
|0.05% diesel (wholesale)||R20.97||R20.16|
|0.005% diesel (wholesale)||R21.08||R20.26|
Read: Big changes for the world’s most important oil price – what you need to know
Leave a Reply