JOHANNESBURG - The retail price of petrol and the wholesale price of diesel in South Africa will fall on Wednesday as the rand has strengthened, the energy department said.
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The price of petrol will fall by 30 cents to 14.12 rand per litre in commercial hub Gauteng province. Diesel will go down by 17 cents to 12.56 rand.
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The department said the main reasons for the fuel price adjustments were due to the contribution of the rand/US dollar exchange rate. The rand appreciated in January, on average, against the dollar, which led to a lower contribution to the basic fuels price,
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The retail price of petrol and the wholesale price of diesel in South Africa will fall on Wednesday.
- REUTERS/ BUSINESS REPORT ONLINE