South Africa to Raise Gasoline Price by Most Since at Least 2008

South African gasoline prices will increase by the most in almost two decades after oil prices surged and the rand weakened because of the war in Iran.

The retail price of 95-octane gasoline is set to climb by 3.06 rand ($0.18) per liter in the country’s economic hub, Gauteng, the Department of Mineral Resources and Energy said in a statement on Tuesday. The wholesale cost of diesel will climb by as much as 7.51 rand per liter. Increases are set to come into effect on April 1.