Rand at three-year high. Fuel prices to drop next week

Fuel prices will fall in March as South Africans benefit from a stronger rand.

The currency traded at near three-year highs on Monday, amid reports that President Cyril Ramaphosa will soon announce a cabinet reshuffle.

At 3:04pm the rand was trading at R11.59 to the US dollar.

The Automobile Association (AA) expects the petrol price to drop by up to 38 cents a litre next week.

It further anticipates the diesel price to fall by 47 cents per litre.

The AA expects consumers to pay 26 cents a litre less for illuminating paraffin.

The new fuel prices will come into effect on Wednesday, 7 March.


This article first appeared on 702 : Rand at three-year high. Fuel prices to drop next week


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
How to never-ever fall prey to ID theft… and info about a free service if you do

How to never-ever fall prey to ID theft… and info about a free service if you do

The Money Show’s Bruce Whitfield interviews Manie van Schalkwyk, Executive Director at The South African Fraud Prevention Service.

New Kia Stinger ad is awesome (just like Korean cars in general)

New Kia Stinger ad is awesome (just like Korean cars in general)

What is the future of driving? Perhaps it’s actually driving! A Kia! Bruce Whitfield interviews advertising expert Andy Rice.

Did you know? Tourism supports 10.3% of ALL jobs in South Africa

Did you know? Tourism supports 10.3% of ALL jobs in South Africa

The Money Show’s Bruce Whitfield interviews David Frost, CEO at Southern Africa Tourism Services Association.

We’re recapturing state-owned companies (and fixing Sars) - Minister Nene

We’re recapturing state-owned companies (and fixing Sars) - Minister Nene

The Money Show’s Bruce Whitfield interviews Finance Minister Nhlanhla Nene, who tabled Treasury’s budget in Parliament on Tuesday.

SA Mohair industry (world’s largest) face extinction after Peta video/global ban

SA Mohair industry (world’s largest) face extinction after Peta video/global ban

The Money Show's Bruce Whitfield interviews Deon Saayman (Mohair SA), Gay van Hasselt (Angora farmer) and Belinda Abraham (SPCA).

Expresso’s Katlego Maboe answers personal questions about his own money

Expresso’s Katlego Maboe answers personal questions about his own money

The Money Show’s Bruce Whitfield interviews Maboe about his attitude to money (hopes and fears, successes and failures, etc.).

Popular articles
[LISTEN] Van Breda's call to emergency services: 'My family and I were attacked'

[LISTEN] Van Breda's call to emergency services: 'My family and I were attacked'

The chilling call Henri van Breda made to emergency services on the night his mother, father and big brother were hacked to death.

SANDF soldier arrested for robbery on trial for attempted murder

SANDF soldier arrested for robbery on trial for attempted murder

Operations chief, General Barney Hlatshwayo's personal driver was arrested on Tuesday.

[WATCH] 'These thugs need to be arrested and rot in jail'- Bongani Bingwa

[WATCH] 'These thugs need to be arrested and rot in jail'- Bongani Bingwa

Bongani Bingwa shares his thoughts on the Panyaza Lesufi 'effigy' incident on Wednesday.

Everything you know about success is (mostly) wrong

Everything you know about success is (mostly) wrong

Allon Raiz on “Barking up the Wrong Tree: The Surprising Science behind Why Everything You Know about Success Is (Mostly) Wrong”.

Defence: State has failed to prove that Van Breda killed his family

Defence: State has failed to prove that Van Breda killed his family

Henri van Breda’s legal team presented its closing arguments in the Western Cape High Court.

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Cyril Ramaphosa's ex-wife says abuse allegations spread by EFF leader Julius Malema are an attempt to tarnish his reputation.

Is Shakespeare still relevant to SA's school curriculum?

Is Shakespeare still relevant to SA's school curriculum?

How relevant is Shakespeare in SA's English literature which is written in a manner that no one speaks today?

3 reasons for the petrol price hike (and why it will hurt more than you think)

3 reasons for the petrol price hike (and why it will hurt more than you think)

Economist Dawie Roodt says that the petrol price hike is going to boost the cycle of inflation and force interest rates up.