logo

News

Petrol price in South Africa set to rise, what motorists can expect to pay in July

PUBLISHED: Mon, 02 Jul 2018 14:26:52 GMT

JOHANNESBURG (Reuters) – 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.

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.

Reporting by Mfuneko Toyana. Editing by Jane Merriman


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.