SA petrol prices to fall by 15 cents

JOHANNESBURG – South Africa’s petrol prices will fall by 15 cents a litre across all grades from Wednesday, the government said on Friday.

A statement from the minerals and energy department said the most-used 95 grade would drop to 7,01 rand a litre in the central Gauteng province, which includes the financial hub Johannesburg. This may ease price pressures in South Africa, where the central bank has singled out high food and fuel costs as key inflation drivers.Fuel costs make up about 4,7 per cent of the main CPIX index targeted by the central bank for monetary policy.Nampa-ReutersThis may ease price pressures in South Africa, where the central bank has singled out high food and fuel costs as key inflation drivers.Fuel costs make up about 4,7 per cent of the main CPIX index targeted by the central bank for monetary policy.Nampa-Reuters