As of September 1 2021, motorists will be paying an extra 4 cents per litre of petrol. This increase has come as a surprise to many as it was predicted that the price of petrol would drop by around 11 c/l. The price of Diesel has decreased by 14 cents per litre.
Here is the full list of price adjustments.
Petrol 95: increase of 4 cents per litre (Both Unleaded and Lead Replacement).Petrol 93: increase of 4 cents per litre (Both Unleaded and Lead Replacement).Diesel 0.05%: decrease of 15 cents per litre.Diesel 0.005%: decrease of 14 cents per litre.Illuminating Paraffin: decrease of 15 cents per litre.
The Automobile Association expected to see a decrease in the price of petrol at the beginning of September due to a drop in international petroleum prices. The price of Brent Crude oil also declines during August from 74.00USD per barrel to 72.50USD per barrel.
The Department of Mineral Resources and Energy in a statement said that the implementation of an increase in the slate levy has contributed to the increases. This Slate Levy increased from 8.78 cents per litre from 6.58 cents per litre to 15.36 cents per litre. The department says this is in line with the Self-Adjusting Slate Mechanism.
The Minister of Mineral Resources and Energy, Gwede Mantashe also approved 5.7 cents per litre increase in the price structures of petrol to accommodate the wage increase for the Forecourt employees. This coupled with a slightly depreciating rand to dollar exchange rate means that consumers will have to fork out more at the pumps.
The AA’s Layton Beard says that increases to the slate levy and the adjustment of the retail margin have wiped out the expected savings that consumers were expected to make.
He says that the levies have become out of hand and often hopes that these levies don’t increase, and if they do increase, they will be increased at the rate of inflation. These levies currently make up around R6.30 of every litre of petrol sold. He said the Road Accident fund levy in particular need to be looked at.