S.Africa petrol price to rise by 3.5 % next week

September 30, 2011 | Africa

South_Africa_President

South Africa’s petrol pump prices in the main inland commercial region will increase by up to 37 cents or 3.5 percent on Oct. 5, the energy department said.

The new pump price for 95 grade petrol will be 10.54 rand ($1.34) a litre in that region, from 10.18 rand last month, while the wholesale diesel price will increase by 3.8 percent to 9.65 rand.

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.