SA to cut fuel prices again this week

JOHANNESBURG - South Africa's retail price for all grades of petrol will fall by seven cents a litre from Wednesday after the rand gained versus the dollar over the past month, the government said on Friday.

The retail price of unleaded petrol in the Gauteng province, which

includes the financial hub of Johannesburg, will drop to 5,90 rand

a litre, the department of minerals and energy said in a statement.

The price of the same grade of petrol on the coast will be

lowered to 5,66 rand.

 

Rising domestic fuel costs have been highlighted as one of the

key drivers of South African inflation, as they make up about 4,7

per cent of the CPIX index targeted by the central bank for

monetary policy.

 

The wholesale price of diesel with a 0,05 per cent sulphur

content will decrease by 25 cents a litre while that of diesel with

0,005 per cent sulphur will drop by 26 cent per litre.

 

The wholesale price of illuminating paraffin - a fuel source for

many poor South Africans - will fall by 25 cents a litre.

 

The Single Maximum National Retail Price of paraffin will

decline by 33 cents.

 

Nampa-Reuters

 

The price of the same grade of petrol on the coast will be lowered

to 5,66 rand.Rising domestic fuel costs have been highlighted as

one of the key drivers of South African inflation, as they make up

about 4,7 per cent of the CPIX index targeted by the central bank

for monetary policy.The wholesale price of diesel with a 0,05 per

cent sulphur content will decrease by 25 cents a litre while that

of diesel with 0,005 per cent sulphur will drop by 26 cent per

litre.The wholesale price of illuminating paraffin - a fuel source

for many poor South Africans - will fall by 25 cents a litre.The

Single Maximum National Retail Price of paraffin will decline by 33

cents.Nampa-Reuters

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