SA's petrol price to drop in September - CNBC Africa

SA's petrol price to drop in September

Southern Africa

by Monique Vanek 0

A customer uses a petrol nozzle to fill up his tank in a gas station in Nice August 27, 2012. Photo: REUTERS/Eric Gaillard

JOHANNESBURG (Reuters) - The retail price of petrol in South Africa will decrease by 5.2 percent from Sept. 2, while wholesale diesel will go down by 4.9 percent, the energy department said on Friday.

In a statement, the department said petrol would cost 12.57 rand ($0.95) in the commercial hub of Gauteng province, while diesel would be 10.41 rand.

The government adjusts the price of fuel every month, factoring in global oil prices and the rand exchange rate.

($1 = 13.2360 rand)