Pump prices to differ from base price

Actual petrol price changes at the pump will differ from the change in the base price as announced by the Department of Minerals and Energy on Friday, Sapia said on Monday in a statement.

The reason was that there were significant changes to the zone differentials across all areas, the SA Petroleum Industry Association said.

"These changes differ by zone and dealers and customers will need to confirm the correct price against the price schedule expected to be published in the Government Gazette this week," Sapia said.

Zone differentials signify the cents per litre costs of moving fuels from coastal port/refinery locations to inland distribution centres, by pipeline, rail or road.

These are determined by individual magisterial districts and calculated by the oil industry, subject also to ministerial approval for inclusion in oil company wholesale price structures.

Last week, the DME said petrol, diesel and paraffin would decrease by between 131 and 175 cents per litre on Wednesday this week.

Source: Sapa

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