Fuel Prices Drop again from Wednesday, 4 February, offering further relief to South African motorists. The latest adjustment brings notable cuts to both petrol and diesel prices. Gauteng drivers, in particular, will see some of the lowest fuel prices in more than two years.
The Minister of Mineral and Petroleum Resources confirmed the decreases after the latest monthly fuel price review. These reductions follow January’s sizeable cuts and signal a continued, though uncertain, downward trend.
Fuel Prices Drop: What Is Changing From 4 February?
Fuel Prices Drop by a meaningful margin across petrol and diesel categories. The official adjustments are as follows:
Confirmed Fuel Price Cuts
- Petrol: Down by about 64 to 65 cents per litre
- Diesel 500ppm: Down by around 50 cents per litre
- Diesel 50ppm: Down by between 56 and 57 cents per litre
These cuts apply nationwide, with coastal and inland prices adjusted accordingly.
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New Petrol & Diesel Costs for Gauteng and the Coast
The updated Petrol & Diesel Costs bring welcome savings for commuters and businesses alike.
Petrol Prices After the Cut
- 95 Unleaded (Coastal): About R19.27 per litre
- 95 Unleaded (Gauteng): Around R20.10 per litre
- 93 Unleaded (Gauteng): About R19.99 per litre
This marks the lowest petrol price since January 2022, according to industry data.
Diesel Prices After the Cut
- 50ppm Diesel (Wholesale, Coastal): Around R17.19 per litre
- 50ppm Diesel (Wholesale, Inland): Around R17.95 per litre
Lower diesel prices remain critical for transport, agriculture, and food production.
Why Fuel Prices Drop Again in February
Several economic factors have driven the latest decrease.
Stronger Rand Supports Lower Fuel Prices
The South African rand played a major role in the fuel price over-recovery.
- The rand recently strengthened below R16 to the US dollar.
- This marks its strongest level in almost four years.
- During the review period, it averaged R16.31, improving from R16.85 previously.
A stronger rand reduces the cost of importing fuel and refined petroleum products.
Improved Economic Confidence
The World Bank recently reported that South Africa’s economy expanded by about 1.3% in 2025. This growth came from:
- A more reliable electricity supply
- Improved business confidence
- A strong agricultural harvest
These factors boosted investor sentiment and supported the currency.
What About Global Oil Prices?
International oil prices showed mixed movement during January.
- Brent crude remained stable early in the month.
- Prices later turned volatile.
- Brent surged to $68 per barrel before slipping to $64.95.
The decline followed signals that US-Iran tensions may be easing, which calmed markets.
However, ongoing volatility could threaten future fuel price cuts.
How This Compares to January’s Fuel Price Cuts
February’s reductions follow significant relief in January.
January Fuel Price Highlights
- Petrol dropped by up to 66 cents per litre
- Diesel fell by as much as R1.50 per litre
Together, these cuts have eased pressure on households and transport operators.
What This Means for Motorists and Businesses
Lower Petrol & Diesel Costs have a ripple effect across the economy.
Key Benefits
- Reduced commuting costs for households
- Lower transport expenses for goods and services
- Potential relief for food prices over time
For Gauteng motorists, the savings are immediate at the pump.
Could Fuel Prices Rise Again?
The outlook remains uncertain.
- Continued oil price volatility could reverse the trend.
- A weaker rand would raise import costs.
- Global geopolitical shifts remain a risk.
For now, South Africans can enjoy temporary relief.
FAQs: Fuel Prices Drop and Petrol & Diesel Costs
Why do fuel prices change every month?
Prices adjust based on global oil prices, exchange rates, and local levies.
Are these prices the same across South Africa?
No. Inland prices, including Gauteng, are higher due to transport costs.
Will fuel prices keep dropping?
It depends on the rand and global oil markets.
Fuel Prices Drop again from 4 February, bringing real relief to Gauteng drivers and businesses. While global risks remain, the stronger rand and improved confidence have worked in South Africa’s favour.
