South African motorists can expect substantial relief at the pumps in February, as fuel prices are projected to fall sharply following sustained decreases in global oil prices and a relatively strong rand, according to the latest fuel outlook from the Central Energy Fund (CEF).
Preliminary data suggests that petrol prices could decline by around 80–90 cents per litre, while diesel could drop by more than R1 per litre once the new pricing cycle takes effect. These shifts, if maintained through the month-end pricing review, would follow recent cuts in January and offer continued relief for both private motorists and commercial transport users.
Energy analysts say the expected price reductions are being driven by lower Brent crude oil prices and a firmer rand exchange rate against the US dollar. However, they caution that fuel prices remain sensitive to global market forces, including geopolitical tensions and fluctuations in oil output.
While the outlook appears positive for motorists, experts emphasise that volatility in international oil markets or currency movements before the official announcement could still alter the final fuel price adjustments for February.
For now, February is shaping up to offer motorists a welcome break at the pumps — provided market conditions hold.