South Africa to reduce PMS pump price by 7.4 pct

South Africa’s energy department says the retail price of petrol will decrease by 7.4 per cent from August the 3rd.

The department says the price of petrol will fall by 99 cents to 12.35 rand per litre in the commercial hub of Gauteng province.

The department also says the price of wholesale diesel will go down by 6.3 per cent.

It says diesel will go down by 74 cents to 10.97 rand per litre.