Today's Labour News

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petrolpumpBusinessLive reports that the Automobile Association (AA) said on Friday that SA motorists should see the largest fuel price decrease on record from 1 April, when unleaded petrol could see a drop of about R2 per litre.  

Oil prices have crashed in 2020 due to a price war between Saudi Arabia and Russia, which has more than offset a weaker rand, while demand for oil has also fallen due to the economic disruption caused by the Covid-19 virus.  Unleaded 95 petrol is set for a R2.18/l drop, with 93 set to decrease by R2.05.  Both grades of diesel are expected to fall about R1.65/l, with illuminating paraffin down R1.98.  “Notwithstanding the addition of the 25c for the fuel levies, the expected decreases will bring the country’s fuel prices to levels last seen in late 2017 and early 2018,” the AA said.

  • Read the full original of the report in the above regard by Karl Gernetzky at BusinessLive


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