Ahead of the 2020 Budget Speech on 26 February, PwC predicts that any fuel levy increase will be inflationary only – probably around 15c per litre. Photo: Pixabay
It’s always a pleasure to bring good news to the motorists of Mzansi, no matter how small the victory. The petrol price is set to decrease even further in February, making it the second successive month where costs have come down. In fact, we’ve got some positive developments across the board.
Confirmed petrol price for February 2020
We can confirm there will be a hat-trick of decreases for our fuel and gas. Not only is petrol getting cheaper, but so are diesel and illuminating paraffin – even if it is by the barest of margins.
Petrol (95 grade): Decrease of 13 cents per litre.Diesel: Decrease of four cents per litre.Paraffin: Increase of three cents per litre.
Subtracting these totals from January’s fuel price gives us the following average cost-per-litre for petrol and diesel. These prices will take effect in the first week of February:
| Fuel | Inland | Coastal | Difference |
| Petrol | R16.03 | R15.39 | Down by 13 cents |
| Diesel | R14.58 | R14.04 | Down by four cents |
Why is the petrol price forecast dropping in February?
The two indicators which determine our fuel prices are the rand and global oil prices. Although ZAR is struggling towards the end of the month, oil prices have calmed completely since an escalation at the start of January. The positives outweight the negatives in this case:
“Rising tensions between the USA and Iran in the opening days of 2020 sparked a sharp increase in international oil prices, but the commodity has rebounded quickly. In fact, the oil price has returned to a level we might have expected had the US-Iran flare-up not taken place at all,”
“However, the rand has dipped to R14.30 to the US dollar. We have some concerns over this ongoing weakening in the absence of any overt Rand shocks. It is not a good sign of confidence in the SA economy. This year is likely to again be extremely economically challenging.”
AA statementDiesel and petrol price for January – filling up in coastal regions:Motor Vehicles and Bakkies
Average capacity: 45 litres
Cost for a full tank of petrol: R692.55
Cost for a full tank of diesel: R633Mini Buses / Taxis
Average capacity: 75 litres
Cost for a full tank of petrol: R1 154
Cost for a full tank of diesel: R1 050Buses and Trucks
Average capacity: 250 litres
Cost for a full tank of diesel: R 3 500Motorcycles
Average capacity: 20 litres
Cost for a full tank of petrol: R307.80
Cost for a full tank of diesel: R282Diesel and petrol price for January – Filling up inlandMotor Vehicles and Bakkies
Average capacity: 45 litres
Cost for a full tank of petrol: R721.35
Cost for a full tank of diesel: R657Mini Buses / Taxis
Average capacity: 75 litres
Cost for a full tank of petrol: R1 202
Cost for a full tank of diesel: R1 095Buses and Trucks
Average capacity: 250 litres
Cost for a full tank of diesel: R3 650Motorcycles
Average capacity: 20 litres
Cost for a full tank of petrol: R320.60
Cost for a full tank of diesel: R292Help support journalists, the guardians of independent journalism, through our student media initiative that gives a voice to students and their generation! Find out more…Tags: Fuelpetrol pricesSouth Africa
