South African motorists are set to benefit from a notable drop in fuel prices when new adjustments take effect on Wednesday, 4 February 2026.
According to the latest price announcement, both grades of petrol will decrease by 65 cents per litre, while diesel prices will fall by around 50 to 57 cents per litre. Illuminating paraffin is also set for a reduction of approximately 70 cents per litre. However, the price of liquefied petroleum gas (LP Gas) will rise by 31 cents per kilogram.
The Mineral and Petroleum Resources Ministry explained that the changes are a result of shifts in international oil markets and local currency strength. While crude oil prices rose during the review period — influenced by geopolitical tensions — the overall average international product prices eased due to ample inventories. This helped lower the basic fuel price contributions for petrol, diesel and paraffin. At the same time, the rand strengthened against the US dollar, further easing pressure on retail fuel costs.
The adjustment brings welcome relief for motorists and households alike, as global supply conditions and exchange rate improvements combine to reduce costs at the pump for most traditional fuels, even as LP Gas prices buck the trend with a modest increase.
The changes will be implemented nationally from midnight on Wednesday.