(Bloomberg) -- The price of gasoline in South Africa’s economic hub of Gauteng will fall to the lowest since March next month.
A liter of 95-octane gasoline will decrease 1.23 rand to 14.01 rand ($0.97) in Gauteng, which includes Johannesburg and the capital, Pretoria, the Central Energy Fund said in an emailed statement Friday. Diesel will decline 1.53 rand a liter to 13.13 rand in the province.
Fuel prices in South Africa, which imports oil, surged to a record in October as the rand depreciated and international crude prices rose.
To contact the reporter on this story: Jacqueline Mackenzie in Johannesburg at jmackenzie9@bloomberg.net
To contact the editors responsible for this story: Alastair Reed at areed12@bloomberg.net, Ana Monteiro
