South Africa: Fuel Prices Go Up

The price of petrol in South Africa is up to 81c a litre to R20.35, effective from 1 December.

That is what you will pay for 95-octane petrol in Gauteng. Unleaded 93 is 22c per litre cheaper inland.

The various taxes bundled into the petrol price comes to R6.25 per litre. For December, that represents 31% of the pump price for inland 95.

The price of petrol itself, known as the basic fuel price or BFP, is at R9.74, or 48% of the total price at the pump.

The remainder is made up of a dealer margin, now at 11.52% of the total, a further wholesale margin of 2.24%, and charges related to handling and storage.

The taxes are made up of:

1). The general fuel levy, now at 19.3% of the total price

2). The Road Accident Fund levy, now at 10.7% of the total price

3). The Demand Side levy to discourage 95-octane use inland, at 0.5%

4). And customs and excise taxes of 0.2%

More: Business Insider