Petrol Price Changes for March 2020

Petrol Price

Here are the petrol price changes for the month of March 2020.

Due to the corona virus, international petrol prices suffered one of their steepest plunges. This means that there's some good news on the cards for SA motorists. According to the Automobile Association (AA), "The impact of the novel coronavirus outbreak on global economic activity cannot be over-stated, and petroleum prices have retreated in lockstep with the downturn across world markets," the AA says.

Despite the SA Rand suffering against the US Dollar, the AA is predicting a decline of between 9 and 19 cents a litre are on the cards for petrol, and 55 cents a litre for diesel.

Sadly, due to the budget speech and subsequent currency degradation, motorists should prepare for increases on the horizon. "It is difficult to predict where current events might lead us. The Rand has not found strength against the US dollar since Finance Minister Tito Mboweni's budget speech, and the consensus of economists is increasingly that South Africa is set to lose its last remaining investment grading before long," the AA said.

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