Petrol price decrease for March: Here's what it'll cost to fill up your tank

Flag of South Africa on the car’s fuel tank filler flap. Fueling car with petrol pump at a gas station. Petrol station. Gasoline and oil products. Close up – Photo: File

A substantial drop for both the diesel and petrol price in South Africa has put our motorists in a good mood at the start of March. However, these warm sentiments might not last much longer…

Confirmed petrol price for March 2020

We’re pleased to announce there will be a hat-trick of decreases for our fuel and gas. Not only is petrol getting cheaper, but so is diesel and illuminating paraffin – and that’s by a pretty susbtantial amount, too.

Petrol: Decrease of 19 cents per litre.Diesel: Decrease of 54 cents per litre.Paraffin:Decrease of 68 cents per litre.

Subtracting these totals from February’s fuel price gives us the following average cost-per-litre for petrol and diesel. These prices will take effect from Wednesday 4 March:

The #petrolprice will again come down by between 19 and 54 cents a litre this week https://t.co/UIt5xPReon pic.twitter.com/aZFO0UOyr2

— SA Gov News (@SAgovnews) March 2, 2020 Why is the petrol price dropping in March?

There are, as ever, two major factors at play. However, it’s the global oil price trends that have accounted for this slashing of fuel costs. The outbreak of the coronavirus has left international markets spooked, and the demand for oil has subisded. The decrease would have been more, if not for the Rand’s weak monthly performance against the US dollar. Despite a brief rally this week, ZAR is still floundering.

The honeymoon period is unlikely to last through to April, however. It was announced during February’s budget speech that taxes on fuel would be rising, making petrol prices more expensive.

Diesel and petrol price for March – filling up in coastal regions:Motor Vehicles and Bakkies

Average capacity: 45 litres
Cost for a full tank of petrol: R678.15
Cost for a full tank of diesel: R607.50

Mini Buses / Taxis

Average capacity: 75 litres
Cost for a full tank of petrol: R1 130.25
Cost for a full tank of diesel: R1 011.75

Buses and Trucks

Average capacity: 250 litres
Cost for a full tank of diesel: R 3 372.50

Motorcycles

Average capacity: 20 litres
Cost for a full tank of petrol: R301.40
Cost for a full tank of diesel: R269.80

Diesel and petrol price for March – Filling up inlandMotor Vehicles and Bakkies

Average capacity: 45 litres
Cost for a full tank of petrol: R712.80
Cost for a full tank of diesel: R631.35

Mini Buses / Taxis

Average capacity: 75 litres
Cost for a full tank of petrol: R1 188
Cost for a full tank of diesel: R1 052.25

Buses and Trucks

Average capacity: 250 litres
Cost for a full tank of diesel:  R3 507.50

Motorcycles

Average capacity: 20 litres
Cost for a full tank of petrol: R316.80
Cost for a full tank of diesel: R280.60

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