The price of GTE’s pure Eco-BiodieselTM (B100) is currently fixed at R12.00 per litre, delivered within 400km radius of Pretoria.
For offloading points outside of this radius, transportation cost is added at R1,700 per drop load plus 75c/km in excess of 400km.
Our selling price for blended biodiesel is pegged onto the wholesale list price (WLP) of 50ppm diesel from the nearest point of uplift, less any qualifying discount on the WLP based on Order volume and frequency.
The table below shows our illustrative prices (before discounts) of the various blends ranging from plain diesel (B0) to pure Eco-BiodieselTM (B100). In the case of B10 Eco-BiodieselTM, the delivered price ex: Gauteng during Febuary’19 is R13.07/Lit, which represents a saving of 12c/lit on the regular price of diesel 50ppm.
* Based on Gauteng Feb’19 WLP for 50ppm diesel = c1319/Lit, assuming 0 c/lit
differential on WLP (negotiable); and B100 base cost = R12.00/Lit
For any Order volume, the cost of mineral diesel stock is reduced proportionally with the ratio of biodiesel blended in. Meanwhile, the blending ratio in the biodiesel guarantees a proportionate gain in the fuel efficiency of the fleet, due to the contributed by the biofuel.
In the case of 20,000 litres of blended B10 Eco-BiodieselTM, the cost of this fuel during February’19 amounts to R263,764, which represents a saving of R2,000 from the equivalent cost of plain diesel.
Furthermore, due to its superior combustion property, this fuel delivers a minimum guaranteed saving of 5%, which equates to 1000 litres of the fuel that would have cost of R13,088.20 during February’19. Consequently, the gross savings yield due to the use of blended Eco-BiodieselTM B10 at 20,000 litres per Order amounts to R15,088.20. At this level of savings, the “virtual” price of the fuel consumed is equivalent to R12.43/litre, which corresponds to a benefit of 75c/lit on the price of plain diesel during February’19.
* Based on Gauteng Feb’19 WLP for 50ppm diesel = c1319/Lit, assuming 0 c/lit differential on WLP (negotiable); and B100 base cost = R12.00/Lit