There's some good news for motorists in South Africa as it looks likely that the petrol price will drop in March. Here's how much it will be expected to drop by.

Thanks to a combination of a strong-and-stable Rand exchange rate over the past 10 days and a reduction in international fuel prices, it looks like we'll be heading into a new month with a fuel price drop. According to the Automobile Association (AA), "The Rand was trading at around R12.00 to the US dollar at the start of February 2018, and has gradually strengthened to an average level approaching R11.80 for the month.Over the same period, international fuel prices dropped sharply. Although they have subsequently climbed, the increase has been moderate enough for South African fuel users to see some benefit."

The AA estimates that the petrol price will drop by up to 38 cents a litre, while diesel could drop by as much as 47 cents. The AA also adds this interesting titbit of info at the end, "if the Rand maintains its current stable trend against the US dollar, the main driver of fuel price changes in the near future will be international petroleum prices," meaning our currency is becoming stronger and more stable.

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