South Africans will see the largest fuel price decreases on record at the end of March.
This is according to the Automobile Association (AA), which was commenting on unaudited month-end fuel price data released by the Central Energy Fund.
The fuel price will be adjusted next Wednesday, 1 April.
The main reason is the crude oil price war between Saudi Arabia and Russia and the demand for oil further suppressed as world economies retreat due to the coronavirus pandemic.
AA Prediction for April 2020:
95 unleaded petrol set to drop by R2.18 p/l
93 LRP set to drop by R2.05 p/l
Diesel set to drop by R1.65 p/l
Illuminating paraffin set to drop by R1.98
The AA says all these drops will, in practice, be slightly less, due to the 16-cent increase in the fuel levy and the 9-cent increase in the Road Accident Fund levy.
The expected decreases will bring the fuel price to levels last seen in late 2017 and early 2018, ironically, this drop comes at a time where a national lockdown is in place, restricting movement.
The public is allowed to full up their tanks though, as this is an essential service.
