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No discounts for petroleum products
By NOMILE HLATSHWAYO - SWAZI TIMES-16-Aug-2010
MBABANE – Oil companies are barred from giving discounts for any petroleum products to consumers without getting permission from the Fuel Price Controller.
Principal Secretary of the Ministry of Natural Resources and Energy Jinno Nkhambule is the Fuel Price Controller.
This is contained in the Maximum Wholesale and Retail Prices of Petroleum Products Notice that came into effect on August 5, 2010.
"Maximum Wholesale and Retail Prices of Petroleum Products as set out in the Schedule shall be subject to the condition that no oil company shall grant or allow a rebate or discount to any customer without first obtaining the consent of the Price Controller," it says. For instance, the notice says the duty for lead replacement petrol95 (LRP95) sold in bulk to retailers is E4 for all uses, with the wholesale price at E6.93 per litre and the retail price at E7.50 per litre.
The duty for lead replacement petrol95 (E10 LRP) is also E4, with the wholesale price at E6.74 per litre. The duty for unleaded petrol (petrol95 Octane) is also E4, with the wholesale price at E6.88 per litre and the retail price at E7.45 per litre.
Meanwhile, illuminating paraffin has free duty with the wholesale price at E5.20 per litre while the retail price is E5.75 per litre.
Both types of diesel has E4 duty, with the wholesale price of diesel (0.05%) at E7.08 and the retail price at E7.65 per litre while the wholesale price for diesel (0.005%) is E7.13 and the retail price is E7.70 per litre.
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