petrol
It’s too early to predict what lies ahead for diesel and petrol prices in March, but the latest data from the Central Energy Fund looks dire. REUTERS/Francis Mascarenhas

Home » South African Fuel Prices Rise in September After Rand Slide

South African Fuel Prices Rise in September After Rand Slide

The retail price of petrol in South Africa will rise by 0.7% from Sept. 4, while the price of wholesale diesel will increase by 1.8 percent, the energy department said on Monday. The price of petrol will rise by 11 cents to 16.03 rand ($1.05) per litre in the commercial hub of Gauteng province, while diesel will also […]

By Reuters
03-09-19 09:03
in Business
petrol
It’s too early to predict what lies ahead for diesel and petrol prices in March, but the latest data from the Central Energy Fund looks dire. REUTERS/Francis Mascarenhas

The retail price of petrol in South Africa will rise by 0.7% from Sept. 4, while the price of wholesale diesel will increase by 1.8 percent, the energy department said on Monday.

A nozzle pumps petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

The price of petrol will rise by 11 cents to 16.03 rand ($1.05) per litre in the commercial hub of Gauteng province, while diesel will also go up by 26 cents to 14.59 rand per litre.

In a statement, Minister of Mineral Resources and Energy, Gwede Mantashe, said the increases were due to the sharp slide in rand in August. The currency slipped more than 10% against the dollar over global trade uncertainty and rising chances of credit downgrades locally.

(Reporting by Mfuneko Toyana; editing by David Evans)