Good news for motorists this month as fuel prices are set to drop on Wednesday.
The Department of Mineral and Petroleum Resources has announced that motorists will be paying 65 cents less for both grades of petrol, between 50 and 57 cents less for diesel and 70 cents less for illuminating paraffin.
The departments spokesperson Robert Maake elaborates, The following fuel prices will be effective on Wednesday, the 4th of February 2026. Both grades of petrol will decrease by 65 cents a litre. Diesel will decrease by 50 and 57 cents a litre. Illuminating paraffin at retail level will decrease by 70 cents a litre and LP gas will increase by 31 cents countrywide and by 36 cents in Western Cape. The main reason for these adjustments are as follows. The rand appreciated against the US dollar during the period under review and cushioned the fuel prices by 28 and 32 cents a litre. The average international product prices decreased due to availability of inventory this is despite the fact that the crude oil prices increased on average during the same period. The maximum retail price of LP gas is increasing due to demand in the Northern Hemisphere. They are experiencing extreme cold winter conditions this winter season. The slate levy remains unchanged at zero cents per litre in the price structure of both petrol and diesel.
