Petrol Price Decreases Confirmed for Oct 2020


Despite the Rand and US Dollar exchange experiencing some turmoil towards the end of September 2020, we're on course for a decent reduction in the price of petrol, diesel and paraffin. 

The good news is that petrol is set to drop by 24 cents for 93 unleaded and 33 cents for 95 unleaded, while diesel will be down by around 93 cents, and illuminating paraffin by 78 cents.

"The Rand's daily average dipped as low as R16.10 to the US dollar on September 18, following a long downward trend which began in the first week of August. However, a steep jump to around R16.90 followed by a brief plateau and a further spike to nearly R17.20 caught watchers unawares, and there is rightly some concern about the Rand's short- to medium-term trajectory," said the AA.

However, the Rand's value dropped towards the end of the month and the price of international petrol has gone up, so be warned that November could result in an increase. As always, these prices change on an almost daily basis, so we'll take each day as it comes. 

"Almost in lockstep with the Rand, diesel and petrol prices spiked, and then pulled back before starting a further climb. If this trend of a weakening Rand and rising international fuel prices continues, it could be extremely negative for South African fuel users, and we will watch further changes with interest," the AA says.

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