JOHANNESBURG – South Africa’s petrol prices will rise by 23 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 climb by 3,28 per cent to a new record high of 7,24 rand a litre in the central Gauteng province, which includes the financial capital Johannesburg. Analysts have said rising food prices and fuel costs, which make up about 4,7 per cent of the main CPIX index targeted by the central bank for monetary policy, are likely to add to inflationary pressures in coming months.Nampa-ReutersAnalysts have said rising food prices and fuel costs, which make up about 4,7 per cent of the main CPIX index targeted by the central bank for monetary policy, are likely to add to inflationary pressures in coming months.Nampa-Reuters
Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for
only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!
