<% strmodifieddate="14 Feb 2003">
S  a  p  i  a      A  n  n  u  a  l      R  e  p  o  r  t      2  0  0  2
APPENDIX 14 – AN ANALYSIS OF THE CHANGES IN THE BUILD UP OF 93 OCTANE LEADED PETROL AND
                        DIESEL PRICES IN GAUTENG BETWEEN OCTOBER 1996 AND JUNE 2002
93 Octane Leaded Petrol October
1996 R/l
March
1999 R/l
Change
Oct ‘96 to
Mar ‘99 R/l
June
‘02 R/l
Change
Mar ‘99 to
June ‘02 R/l
Change
Oct ‘96 to
June ’02 R/l
Basic price R0,75 R0,68 -R0,07 R2,06 R1,38 R1,31
Under/over recovery -RO,O4 -R0,06 -R0,02 R0,20 R0,26 R0,24
External factor contribution R0,71 R0,62 -R0,09 R2,26 R1,64 R1,55
Taxes RO,92 R1,13 R0,21 R1,21 R0,08 R0,29
Transport R0,10 R0,11 R0,01 R0,12 R0,01 R0,02
Dealer margin R0,18 R0,23 R0,05 R0,31 R0,08 R0,13
Oil company margin R0,14 R0,17 R0,03 R0,24 R0,07 R0,10
Service differential R0,05 R0,05 R- R0,05 R- R-
Pump price R2,10 R2,31 R0,21 R4,19 R1,88 R2,09

Input data
Dollar:Rand exchange rate
4.75 6,22   10,00    
Crude oil price: in $/bbl (Dubai) 22 10 -12 24 14 2
in R/bbl 100 62 -38 240 178 140
in SA cents/litre 63 39 -24 150 111 87

Diesel October
1996 R/l
March
1999 R/l
Change
Oct ‘96 to
Mar ‘99 R/l
June
‘02 R/l
Change
Mar ‘99 to
June ‘02 R/l
Change
Oct ‘96 to
June ’02 R/l
Basic price R0,95 R0,69 -R0,26 R2,0 R1,36 R1,10
Under/over recovery -R0,09 R0,01 R0,10 R0,13 R0,12 R0,22
External factor contribution R0,86 R0,70 -R0,16 R2,18 R1,48 R1,32
Taxes R0,77 R0,98 R0,21 R1,04 R0,06 R0,27
Transport R0,10 R0,11 R0,01 R0,12 R0,01 R0,02
Oil company margin R0,14 R0,17 R0,03 R0,24 R0,07 R0,10
Service differential R0,05 R0,05 R- R0,05 R- R-
Wholesale price R1,92 R2,01 R0,09 R3,63 R1,62 R1,71

Input data
Dollar:Rand exchange rate
4,57 6,22   10,00    
Crude oil price: in $/bbl (Dubai) 22 10 -12 24 14 2
in R/bbl 100 62 -38 240 178 140
in SA cents/litre 63 39 -24 150 111 87