South Africa Gasoline Price Drop Offset by Fuel-Levy Hike

South Africa’s first fuel-levy hike in four years offset a drop in gasoline and diesel prices after a court dismissed an urgent application to stop the increase.

The retail prices of both 93- and 95-octane gasoline in Gauteng, the country’s economic hub, will fall by 0.05 rand per liter Wednesday, South Africa’s Central Energy Fund and Department of Mineral Resources and Energy said in an emailed statement Tuesday.