South African Fuel Prices To Rise By More Than 1.5 pct In July

By Mfuneko Toyana

The retail price of petrol in South Africa will rise by more than 1.5 percent from July 4, while the price of wholesale diesel will rise by 1.8 percent, the energy department said on Sunday.

A gas pump is seen hanging from the ceiling at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo
A gas pump is seen hanging from the ceiling at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo

The price of petrol will rise by 26 cents to 16.02 rand per litre in the commercial hub of Gauteng province, while diesel will also go up by 26 cents to 14.45 rand per litre.

The Central Energy Fund said the lower crude oil prices after the Organization of the Petroleum Exporting Countries (OPEC) agreed to increase production had offset a sharp fall in the currency, which last month pushed fuel prices to record highs.

 Editing by Jane Merriman

Source: af.reuters.com

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