Petrol pricePetrol price to be cut by 10c |
JOHANNESBURG (Reuters) - South African petrol pump prices will fall by 10 cents a litre or 1.2 percent, from August 4, the government said on Friday.
The department of energy said in a statement the pump price for 95 grade petrol will decrease to 8.17 rand a litre in the main inland commercial region.
The wholesale diesel price will be down by 1.7 percent to 7.38 rand a litre in the same region, which includes Johannesburg and capital Pretoria.
South Africa is a net importer of oil and adjusts its fuel price each month to account for changes in the rand exchange rate, the international oil price and government levies.
But Obama says US needs to deal with economic troubles at home.

Decision-free zones are drains on productivity.