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Petrol price to fall next week

2nd December 2011

By: Reuters

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South Africa's petrol pump prices in the main inland commercial region Gauteng will decrease by 11c or 1.02% on December 7, the Energy Department said on Friday.

The new pump price for 95 grade petrol will be R10.66 a litre in that region, from R10.77 last month, while the wholesale diesel price will rise by up to 4.7% to R10.49.

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South Africa is a net importer of oil and adjusts its fuel price each month to account for changes in the rand exchange rate, the international oil price and government levies.

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