3 April 2012
With hefty fuel price hikes set to kick in on Wednesday, Energy Minister Dipuo Peters has urged South Africans to be economical in their fuel use – and creative in finding ways to ease the impact of the increases.
From midnight on Tuesday, the retail price of 95-octane petrol will increase by 71 cents in Gauteng province and 66 cents at the coast, while the retail price of diesel (0.05 percent sulphur) will rise by 51.9 cents in Gauteng at 47.6 cents at the coast.
The wholesale price of illuminating paraffin will increase by 20.6 cents at the coast, and by 26.6 cents in Gauteng.
Public transport, lift clubs
Peters encouraged South Africans to be economical in their fuel use, while taking steps to ease the impact of the fuel prices increases.
“You are encouraged to prioritise fuel efficiency in all your daily activities with the aim of reducing fuel consumption. Avoid speeding, and use public transport whenever it is practically possible to do so.”
Peters said the use of lift clubs could go a long way in reducing people’s transport costs.
‘Not within our power to prevent’
“These increases are not within the government’s powers to prevent,” Peters said, noting that, as a non-oil producing country, South Africa was a price taker and depended on imports.
“Fuel prices are dictated by issues such as global political developments among oil producing countries and the big economies of the world.
“While global developments and activity are more promising than a year ago, other issues such as the tensions between the United States of America and some of the oil producing countries have contributed to higher crude prices.”
Local factors affecting fuel prices include the annual 20 cents and 8 cents per litre increase in the Fuel Levy and Road Accident Fund respectively, announced by Finance Minister Pravin Gordhan in his Budget speech in February, as well as the Transnet pipeline tariff increase.