There is some good news for SA motorists as the petrol price will be coming down in May 2020, but will the lockdown have ended by then so we can take advantage of this decrease?

Due to a massive spat between Russia and Saudi Arabia over oil production, the oil price has been subjected to some massive drops in value."Coming in the wake of March's record fuel price reductions, South Africa is probably set for a second month of record fuel price drops for some fuel types," the AA comments. "The irony is that this has come at a time where motorists and businesses are severely limited as to how they can use their vehicles," said theAutomobile Association (AA).

The forecast suggests petrol will be down by a massive R1.89 a litre, with illuminating paraffin dropping by R1.88 and diesel by R1.17. This is very good, even though the Rand has lost considerable value against the US Dollar. However, these figures are not set in stone and due to market volatility, we could see some radically different figures by the end of April 2020.

The AA press release ended off with a happy note, "But as matters currently stand, when South Africans come out of lockdown at the end of April, fuel prices will be around three Rand a litre lower than when they went in."

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