Petrol price changes
South Africa's retail petrol prices will rise by 25 cents a litre from July 5 as a result of increases in international prices for fuel products and a weaker rand, the government said on Friday.
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The latest changes bring the retail price of a litre of 95 octane unleaded petrol in Gauteng to 673c/l and to 649c/l at the coast.
The move could affect the country's inflation outlook as petrol prices - which are partially subsidised - account for about 4.7% of the CPIX index targeted by the central bank for monetary policy.
The department of minerals and energy said wholesale prices for diesel with a 0.05% sulphur content would rise by 32 cents per litre, while the wholesale price of illuminating paraffin would rise by 36 cents a litre.
news source: www.wheels24.co.za
Posted by: www.SouthAfrica-CarHire.com
