Petrol prices for December Revealed
Petrol is now R20.29 per liter in Gauteng – and 31% of that goes to taxes
The price of petrol is up to 75c a liter to R20.29, effective from 1 December.
That is what you will pay for 95-octane petrol in Gauteng. Unleaded 93 is 22c per liter cheaper inland.
The various taxes bundled into the petrol price comes to R6.25 per liter. For December, that represents 31% of the pump price for inland 95.
The price of the petrol itself, known as the basic fuel price or BFP, is at R9.74, or 48% of the total price at the pump.
- The price of petrol – for 95-octane in Gauteng – is increasing by 75c per liter to R20.29 for December.
- 31% of that goes to various taxes, mostly the general fuel levy and funding for the Road Accident Fund.
- The actual basic fuel price, without those taxes, the cost of distribution, and margins for retailers and wholesalers, is R9.74.
- Here is what goes into the fuel price for December 2021.
The remainder is made up of a dealer margin, now at 11.28% of the total, a further wholesale margin of 2.24%, and charges related to handling and storage.
The taxes are made up of:
- The general fuel levy, now at 19.4% of the total price
- The Road Accident Fund levy, now at 10.7% of the total price
- The Demand Side levy to discourage 95-octane use inland, at 0.5%
- And customs and excise taxes of 0.2%
Read the full story on: Bussinesinsider.
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