Petrol price to drop about R2: AA

File: Petrol being poured into a car.

File: As lockdown restrictions around the world have eased or ended, demand for petroleum products has returned, and prices have again been rising.

eNCA

JOHANNESBURG - Motorists can expect a record drop in the price of petrol next week Wednesday, bittersweet news in the face of a national 21-day lockdown.

The Automobile Association estimated a price drop of about R2 a litre in petrol and said diesel will also drop by around the same margin.

READ: South Africa officially under lockdown

It is the result of a price war between Saudi Arabia and Russia, which has more than offset a weaker rand.

The drop doesn't include a 16c increase in the fuel levy and a 9c increase in the Road Accident Fund levy which come into effect on 1 April.

Source
eNCA