S.Africa's petrol price to go down in August

by Reuters 3 views0

Tanzania raises petrol Fuel shortages are set to worsen in Nigeria. PHOTO: Getty Images

The retail price of petrol in South Africa will decrease by 3.7 percent from August 5, while wholesale diesel will decrease 6.5 percent, the energy department said on Friday.

In a statement, the department said petrol would cost 13.26 rand ($1.05) in the commercial hub of Gauteng province, while diesel would be 10.94 rand.

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

($1 = 12.6528 rand)