Petrol is going up to R19.54 per litre – and 32% of that goes to taxes

  • The price of petrol – for 95-octane in Gauteng – is increasing by R1.21 per litre to R19.54 for November 
  • 32% 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 R9.37.
  • Here is what goes into the fuel price for November 2021.

The price of petrol will increase by R1.21 a litre to R19.54, effective from 3 November.

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 November, that represents 32% of the pump price for inland 95.

The price of the petrol itself, known as the basic fuel price or BFP, is at R9.37, or 48% of the total price at the pump.

The remainder is made up of a dealer margin, now at 11.63% of the total, a further wholesale margin of 2.1%, and charges related to handling and storage.

The taxes are made up of:

  • The general fuel levy, now at 20% of the total price
  • The Road Accident Fund levy, now at 11% 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%

Here is what makes up the petrol price for November.

Petrol November

* This article was first published in October 2021, and updated since with new price information.

(Compiled by Phillip de Wet)

SOURCE:

Petrol is going up to R19.54 per litre – and 32% of that goes to taxes (businessinsider.co.za)