South Africa
Motorists and businesses in South Africa will be paying more for fuel beginning this month.
The retail price of petrol will go up by nearly 9 percent from April 3, the energy department said on Sunday.
The price of wholesale diesel will also shoot up by close to 6 percent.
The price of petrol will rise by 131 cents to 16.13 rand or $1.11 per litre in the commercial hub of Gauteng province.
The price of diesel will also see an increase of 81 cents to 14.87 rand per litre.
In a statement, Energy Minister, Jeff Radabe said the sharp increase in prices was due to higher fuel and road taxes announced in February’s budget.
One dollar equals 14.4825 rand.
Reuters
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