South African motorists can expect significant fuel price drops in February 2026, with mid-month Central Energy Fund data projecting savings of 77-82 cents per litre on petrol and 92 cents to R1.02 on diesel, thanks to a stronger rand around R16.37/ and falling global oil prices.
Price Overview for February 2026:
Petrol 93: Inland and coastal prices expected to drop by 78 cents per litre
Petrol 95: Anticipated decrease of 82 cents per litre
Diesel 0.05 wholesale: Projected reduction of 93 cents
Diesel 0.005 wholesale: Potential decrease of R1.02
Illuminating Paraffin: Expected drop of 81 cents
A stronger rand, driven by positive US economic data and South Africa's economic improvements, combines with volatile but downward oil trends amid Iran tensions and oversupply to deliver these over-recoveries.Final prices from the Department of Mineral Resources and Energy may shift slightly by month-end.
