Almost 60% of the petrol price now goes to taxes, levies and margins

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    Margins, taxes and distribution costs make up R8.64 a litre of the petrol price inland, and R8.13 at the coast – a full 58% of the retail price.

    This number is set to rise even further in the next two months, as new levies of 29c a litre take effect.

    The price of unleaded petrol jumped by 74c inland to R14.82 on Wednesday – still R2.26 short of October’s record high prices.

    Unleaded petrol will cost R14.30 on the coast.

    Also read: We compared fuel rewards programmes – and one saves you up to R7 per litre of petrol

    The petrol price includes a wholesale margin of 34.8c, a storage cost of 20.9c, a distribution cost of 14.6c, a retail margin of 19.8c, and a “zone differential in Gauteng” of 51.7c. Additional taxes, including the fuel levy, customs, and Road Accident Fund (RAF) levy, accounts for R5.34 of total fuel cost – or 36%.

    In February, the National Treasury announced that the fuel levy will increase by 15c to R3.52 in April, the RAF levy by 5c to R1.98 and an additional carbon levy of 9c will be added in June.

    Overall, taxes on fuel increased from R1.76 in 2008 to R5.63 in 2019 – a 220% rise.