zzdcar
Home
/
Reviews
/
Automobile information
/
Petrol Price Relief for April 2020 as Oil Price Crashes
Petrol Price Relief for April 2020 as Oil Price Crashes-July 2024
2023-12-14 EST 02:30:34

We're headed for an interesting period as the impacts of COVID 19, Rand/Dollar exchange rates and an oil price crash combine, resulting inchaos for the fuel price for April 2020. The petrol price is coming down!?

"The current data shows petrol down by up to R1.11 a litre, diesel by R1.10 and illuminating paraffin by R1.18. However, these declines must be weighed against the 25 cent increases to the fuel levies announced by the Finance Minister in February which come into effect in April," said the Automobile Association of SA. With the levies thrown in, we're still looking at a reduction of 86 cents per litre for petrol and 85 cents per litre for diesel.

Despite the Rand suffering heavily losses against the US Dollar, there's been chaos in the oil production with Saudi Arabia breaking ranks with OPEC. The Saudis not only slashed prices, but upped production substantially. "The AA says Saudi Arabia's actions come at a time where global oil demand is in decline as the COVID-19 virus hits manufacturing and commerce, leading to a steep slump in the oil price.The last time oil prices dropped this suddenly was in the first Gulf War, almost 30 years ago. However, it means good news at the pumps for South Africans," said the AA.

How long will all of this last?"There is little indication of what the final picture of COVID-19 spread will be, nor where the Rand will stabilise against the dollar. It can also not be predicted how long the Saudis are prepared to hold out in their oil price war, since their oil industry is believed to be able to maintain profitability at substantially lower per-barrel prices than the current level," the AA notes.

Related Content

Fuel Price Breakdown: What do you pay for?

5 Ways to Beat the Fuel Price Hike

Most Fuel Efficient Budget Cars in SA

Most Fuel-Efficient Double-Cab Bakkies in SA

5 Fuel-Saving Car Features & How They Work

Most Fuel Efficient Budget Cars in SA

Most Fuel Efficient Diesel Cars in SA

Most Fuel Efficient Petrol Cars in SA

Comments
Welcome to zzdcar comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Automobile information
Are BMWs expensive to fix?
Are BMWs expensive to fix?
  Yes, BMWs are generally associated with higher maintenance and repair costs compared to non-luxury vehicles. Several factors contribute to the perception of BMWs being expensive to fix:   High-Quality Parts: BMWs use high-quality materials and components, and genuine BMW parts tend to be more expensive than generic alternatives. Advanced Technology: BMW vehicles are equipped with advanced technology and electronics. Repairing or...
Jul 12, 2025
Can a BMW i3 charge at a Tesla charging station?
Can a BMW i3 charge at a Tesla charging station?
  BMW i3 vehicles are not designed to charge directly at Tesla Supercharger stations. Tesla Superchargers use a proprietary charging technology that is specific to Tesla vehicles. Tesla vehicles use a unique charging connector and communication protocol that is not compatible with other electric vehicles, including the BMW i3.   The BMW i3 typically uses the Combined Charging System CCS or Type...
Jul 12, 2025
Are BMW X4 good cars?
Are BMW X4 good cars?
  As of my last knowledge update in January 2022, the BMW X4 is generally well-regarded as a luxury compact crossover SUV. However, whether a BMW X4 is a good car for you depends on your specific preferences, needs, and priorities. Here are some factors to consider:   Pros:   Performance: The BMW X4 is known for its sporty and engaging driving dynamics....
Jul 12, 2025
Can BMW i3 run on gas only?
Can BMW i3 run on gas only?
  The BMW i3 is primarily an electric vehicle EV designed to operate on electric power stored in its high-voltage lithium-ion battery pack. However, some versions of the BMW i3 are available with an optional range extender, often referred to as the REx model. The range extender is a small internal combustion engine that serves as a generator to produce electricity,...
Jul 12, 2025
Are BMW 5 Series good cars?
Are BMW 5 Series good cars?
  The BMW 5 Series stands as a well-regarded car in the automotive world, earning praise from both industry experts and owners alike. It has carved a niche for itself by blending performance, luxury, and cutting-edge technology. Lets delve into the key factors behind the BMW 5 Series acclaim:   Performance: The BMW 5 Series offers a spectrum of engine choices, including...
Jul 12, 2025
Are BMW X6 reliable?
Are BMW X6 reliable?
  the BMW X6 was a bit of a mixed bag, as is the case with any vehicle. It all boils down to factors like the model year, how well its been taken care of, and the driving conditions its been through. Since the BMW X6 falls into the luxury SUV category, you might find that its maintenance and repair costs...
Jul 12, 2025
Copyright 2023-2025 - www.zzdcar.com All Rights Reserved