S. Africa to Increase Gasoline Price by 2.2% After Rand Weakens

Oct. 28 (Bloomberg) -- South Africa’s gasoline price will increase by 2.2 percent on Nov. 2 after the rand weakened, the Department of Energy said.

Gasoline will rise by 23 cents a liter to 10.77 rand in Gauteng province, the Pretoria-based ministry said in an e- mailed statement today. The wholesale price of diesel will increase by 36 cents a liter while wholesale kerosene prices will jump 41 cents a liter, it said.

The maximum retail price of liquefied petroleum gas will increase by 34 cents a kilogram, the department said.

To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net