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Fuel Price Structure

Statutory Instrument 80 of 2014,  Petroleum (Fuels Pricing) Regulation, 2013 was  made  in terms of Section  57 of the Petroleum Act [Chapter 13:22] and it gives the following fuel Pricing Structure: (The full Statutory Instrument can be obtained from the Government Printers)

 

Fuel Pricing Formulas

  

SCHEDULE (Section 6)

Part I

DIESEL PRICING STRUCTURE

 ZERA – DIESEL PRICING STRUCTURE  
     US$ Price (US$)
1 FOB Price  a  
2 Freight  b 0.0655
3 Total Landed Cost  (a+b) = C  
4 TAXES & LEVIES    
5 Duty  d 0.40 for diesel
6 Zinara road levy  e 0.06 for diesel
7 Carbon tax  f 0.013 for diesel
8 Debt redemption  g 0.013 for diesel
9 Strategic Reserve Levy  h 0.015
10 Total taxes & levies  (d+e+f+g+h) = I  
11 ADMNISTRATIVE COSTS    
12 Storage and Handling j 0.015 for diesel
13 Clearing Agency fee  k 0.001 for diesel
14 Financing cost  l 0.010 for diesel
16 Total administrative costs  (j+k+l) = M  
17 Total product cost – Depot C + I + M  
18 DISTRIBUTION COSTS    
19 Inland bridging cost  p 0.015 for diesel
20 Storage and handling costs  q 0.015 for diesel
21 Secondary transport cost  r 0.020 for diesel
22 Total distribution costs  (p+q+r) = S  
23  Oil Company Purchase Price  C +I +M + S = T  
24 Oil Company margin (7%)  T * 0.07 = U  
25 Oil Company Gross proceeds  T + U = V  
26 Dealer Margin (7%)  V* 0.07 = W US$ 0.06 minimum
27 Final Pump Price  V + W = X  

Part II

UNLEADED PRICING STRUCTURE

 ZERA – UNLEADED PRICING STRUCTURE  
     US$ Price (US$)
1 FOB Price  a  
2 Freight  b 0.0655
3 Total Landed Cost  (a+b) = C  
4 TAXES & LEVIES    
5 Duty  d 0.45 for petrol
6 Zinara road levy  e 0.060 for petrol
7 Carbon tax  f 0.040 for petrol
8 Debt redemption  g 0.067 for petrol
9 Strategic Reserve Levy  h 0.015
10 Total taxes & levies  (d+e+f+g+h) = I  
11 ADMNISTRATIVE COSTS    
12 Storage and Handling j 0.010 for petrol
13 Clearing Agency fee  k 0.001 for petrol
14 Financing cost  l 0.010 for petrol
16 Total administrative costs  (j+k+l) = M  
17 Total product cost – Depot C + I + M  
18 DISTRIBUTION COSTS    
19 Inland bridging cost  p 0.015 for petrol
20 Storage and handling costs  q 0.015 for petrol
21 Secondary transport cost  r 0.020 for petrol
22 Total distribution costs  (p+q+r) = S  
23  Oil Company Purchase Price  C +I +M + S = T  
24 Oil Company margin (7%)  T * 0.07 = U  
25 Oil Company Gross proceeds  T + U = V  
26 Dealer Margin (7%)  V* 0.07 = W US$ 0.06 minimum
27 Final Pump Price  V + W = X  

Part III

BLEND PRICING STRUCTURE

ZERA - BLEND PRICING STRUCTURE   
     US$ Price (US$)
1 FOB Price  a  
2 Freight  b 0.0655
3 Total Landed Cost  (a+b) = C  
4 TAXES & LEVIES    
5 Duty  d 0.45 for petrol
6 Zinara road levy  e 0.060 for petrol
7 Carbon tax  f 0.040 for petrol
8 Debt redemption  g 0.067 for petrol
9 Strategic Reserve Levy  h 0.015
10 Total taxes & levies  (d+e+f+g+h) = I  
11 ADMNISTRATIVE COSTS    
12 Storage and Handling j 0.015 for petrol
13 Clearing Agency fee  k 0.001 for petrol
14 Financing cost  l 0.010 for petrol
16 Total administrative costs  (j+k+l) = M  
17 Total product cost – Depot C + I + M  
18 Blending Costs    
19 Ethanol Cost  n 1.00 for ethanol
20 Blending Ratio  o blending ratio*
       
18 DISTRIBUTION COSTS    
19 Inland bridging cost  p 0.015 for petrol or blend
20 Storage and handling costs  q 0.015 for petrol or blend
21 Secondary transport cost  r 0.020 for petrol or blend
22 Total distribution costs  (p+q+r) = S  
23  Oil Company Purchase Price  ((C +I +M) * (1 - o)) + (n * o)) + S  = T  
24 Oil Company margin (7%)  T * 0.07 = U  
25 Oil Company Gross proceeds  T + U = V  
26 Dealer Margin (7%)  V* 0.07 = W US$ 0.06 minimum
27 Final Pump Price  V + W = X  

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Petroleum Prices Updates

Petroleum Prices Updates

In accordance with section 54 of the Petroleum Act (Chapter 13:22), Statutory Instrument 80 of 2014 and its subsequent amendments, the following tables depict the prices that obtained during the months of:

*January 2017.
*February 2017.
*March 2017.
*April 2017.
*May 2017.
*June 2017.
*July 2017.

CLICK HERE TO ACCESS THE UPDATES


Petroleum Prices Updates

In accordance with section 54 of the Petroleum Act (Chapter 13:22), Statutory Instrument 80 of 2014 and its subsequent amendments, the following tables depict the prices that obtained during the months of:

*January 2017.
*February 2017.
*March 2017.
*April 2017.
*May 2017.
*June 2017.
*July 2017.

CLICK HERE TO ACCESS THE UPDATES


Petroleum Prices Updates

In accordance with section 54 of the Petroleum Act (Chapter 13:22), Statutory Instrument 80 of 2014 and its subsequent amendments, the following tables depict the prices that obtained during the months of:

*January 2017.
*February 2017.
*March 2017.
*April 2017.
*May 2017.
*June 2017.
*July 2017.

CLICK HERE TO ACCESS THE UPDATES


Petroleum Prices Updates

In accordance with section 54 of the Petroleum Act (Chapter 13:22), Statutory Instrument 80 of 2014 and its subsequent amendments, the following tables depict the prices that obtained during the months of:

*January 2017.
*February 2017.
*March 2017.
*April 2017.
*May 2017.
*June 2017.
*July 2017.

CLICK HERE TO ACCESS THE UPDATES


Petroleum Prices Updates

In accordance with section 54 of the Petroleum Act (Chapter 13:22), Statutory Instrument 80 of 2014 and its subsequent amendments, the following tables depict the prices that obtained during the months of:

*January 2017.
*February 2017.
*March 2017.
*April 2017.
*May 2017.
*June 2017.
*July 2017.

CLICK HERE TO ACCESS THE UPDATES


Petroleum Prices Updates

In accordance with section 54 of the Petroleum Act (Chapter 13:22), Statutory Instrument 80 of 2014 and its subsequent amendments, the following tables depict the prices that obtained during the months of:

*January 2017.
*February 2017.
*March 2017.
*April 2017.
*May 2017.
*June 2017.
*July 2017.

CLICK HERE TO ACCESS THE UPDATES


Petroleum Prices Updates

In accordance with section 54 of the Petroleum Act (Chapter 13:22), Statutory Instrument 80 of 2014 and its subsequent amendments, the following tables depict the prices that obtained during the months of:

*January 2017.
*February 2017.
*March 2017.
*April 2017.
*May 2017.
*June 2017.
*July 2017.

CLICK HERE TO ACCESS THE UPDATES


Petroleum Prices Updates

In accordance with section 54 of the Petroleum Act (Chapter 13:22), Statutory Instrument 80 of 2014 and its subsequent amendments, the following tables depict the prices that obtained during the months of:

*January 2017.
*February 2017.
*March 2017.
*April 2017.
*May 2017.
*June 2017.
*July 2017.

CLICK HERE TO ACCESS THE UPDATES


Tips to Save Energy Today

  1. Home Electronics
  2. Driving
  3. Energy Star Products
  4. SOS
  5. Refrigrator - Freezer
  6. Cooking
Plug home electronics, such as TVs and DVD players, into power strips; turn the power strips off when the equipment is not in useā€”TVs and DVDs in standby mode still use several watts of power
Drive sensibly; aggressive driving such as speeding, and rapid acceleration and braking, wastes fuel
Look for the ENERGY STARĀ® label on light bulbs, home appliances, electronics, and other products. ENERGY STAR products meet strict efficiency guidelines.
Turn things off when you are not in the room such as lights, TVs, entertainment systems, and your computer and monitor.
Regularly defrost manual-defrost freezers and refrigerators; frost buildup decreases the energy efficiency of the unit. Donā€™t allow frost to build up more than one- quarter of an inch
Match the size of the pan/pot to the size of the heating element (plate)
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