Petrol goes up again this week (midnight on Tuesday) and 95 unleaded on the reef will now be 1194c a litre!

 

Below is the chart of petrol since January 2006 vs. the oil price*. Certainly there is a link of sorts, but you can also see the impact of the Rand and extra taxes and dealer margin coming in, especially in 2012 as oil has moved little while petrol has marched higher and the April increase includes the increased levy which in part is to pay for the new Gautang toll roads.

 

For petrol to move lower we need weaker oil and stronger Rand - and quickly.

 

 

Sources;

Petrol price - AA of SA

WTI price - Index Mundi

 

* - Simple average of three spot prices; Dated Brent, West Texas Intermediate, and the Dubai Fateh, US Dollars per Barrel

 

 

The share is off 2.3% as I write, but there are two solid reasons.

 

Friday 13th was the LDT for the dividend and special dividend worth 264.429c and they did a 7 for 8 share consolidation.

 

This makes the adjusted price for Fridays close 1938c.

 

Here's the math.

So currently trading at 1915c OML is off only 23c adjusted for all the above.

 

The dividend will arrive 4 June (less 15% DWT) and you quantity will ahve been adjusted downwards for the above consolidation.