The expected petrol price for March
The AA noted that the current indicators show a decrease
The petrol price is projected to fall by as much as 59 cents per litre in March, according to the Automobile Association (AA).
This would take the price from the R12.15 (93 LRP) and R12.43 (95 LRP) to around R11.56 and R11.84, respectively.
The AA said ongoing oil price weakness has been bolstered by a strengthening in the Rand/US dollar exchange rate.
The AA noted that the current indicators show a decrease of between 56 and 59 cents a litre.
It said although the international price of diesel climbed slightly in the first half of February, the exchange rate offset some of diesel’s gains – without the stronger exchange rate, the increase would have been 17 cents a litre instead of the seven cents a litre currently predicted.
Here are the current inland prices for petrol and diesel:
93 LRP – R12.15
95 LRP – R12.43
Diesel 0.05% Sulphur – R9.43
Diesel 0.005% Sulphur – R9.47
