• The price of petrol – for 95-octane in Gauteng – is increasing by 75c per litre 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.
• For more stories go to www.BusinessInsider.co.za.

* This article has been updated.

The price of petrol is up to 75c a litre to R20.29, 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 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 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%

Here is what makes up the petrol price for December.

* This article was first published in October 2021, and updated monthly since with new price information. On Wednesday, the department of mineral resources and energy announced it had made an error in the fuel price determination for December, and that the increase in price would be 6c less than previously announced. This article was updated to reflect that corrected overall price, and the differences it made to percentage calculations.

(Compiled by Phillip de Wet)

SOURCE:

https://www.businessinsider.co.za/petrol-price-south-africa-and-how-much-you-pay-in-taxes-2021-10