Petrol price expected to drop in March
Jacob Zuma's resignation is expected have additional impact on the fuel price before month-end.
Motorists will be pleased to know that fuel prices are likely to drop next month.
This is the fourth fuel price drop this year.
According to the Automobile Association, international oil prices have been declining steeply since the start of February, and this factor has accounted for approximately half of the petrol price reduction, and more than two-thirds of the diesel price reduction.
Also read: Petrol prices to decrease this February 2018
Over the same period, the Rand/US dollar exchange rate traded in a band around R12 to the dollar mark, giving some additional price relief for fuel users.
Current data suggests a petrol price decline of around 28 cents per litre, 36 cents for diesel, and 21 cents for illuminating paraffin
The resignation of Jacob Zuma as president of South Africa caused some strengthening of the Rand, and this is expected have additional impact on the fuel price before month-end.
The AA however advises motorists to be extremely prudent and to not bank on ongoing fuel price declines in the medium term.
>> Ready to say ‘I Do’ on the Dolphin Coast? Meet the team ready to advise, help and deliver on your big day.
>> Visit our Education feature for a collection of all the best schools, tutoring systems, and even some colleges and training facilities on the North Coast.
Do you want to receive news alerts via WhatsApp? Send us a WhatsApp message (not an sms) with your name and surname to 061 718 4438.
Please read our WhatsApp broadcast list disclaimer.
Join the conversation on Facebook, Twitter and Instagram
Stay in the loop with The North Coast Courier on Facebook, X, Instagram & YouTube for the latest news.
Mobile users can join our WhatsApp Broadcast Service here, or if you’re on desktop, scan the QR code below.
