{"id":295972,"date":"2026-02-03T10:10:45","date_gmt":"2026-02-03T08:10:45","guid":{"rendered":"https:\/\/novanews.co.za\/peexpress\/?p=295972"},"modified":"2026-02-03T11:33:44","modified_gmt":"2026-02-03T09:33:44","slug":"price-relief-at-the-pumps-february-fuel-prices-decrease-across-the-board","status":"publish","type":"post","link":"https:\/\/novanews.co.za\/peexpress\/price-relief-at-the-pumps-february-fuel-prices-decrease-across-the-board\/","title":{"rendered":"Price relief at the pumps: February fuel prices decrease across the board"},"content":{"rendered":"\n<p id=\"h-\">South African motorists are set to enjoy significant relief at the fuel pumps this February, with a stronger Rand playing a crucial role in driving down costs across all major fuel categories.<\/p>\n\n\n\n<p>The Department of Mineral Resources &amp; Energy noted that the Rand&#8217;s strengthening from R16.85 to R16.31 against the US Dollar during the review period contributed to lower Basic Fuel Prices, reducing costs by 28.52 c\/l for petrol, 31.62 c\/l for diesel, and 31.86 c\/l for illuminating paraffin respectively.<\/p>\n\n\n\n<p>The statement further noted that these prices are informed by international and local factors.<\/p>\n\n\n\n<p>According to the statement, these are the additional main factors that led to the fuel price reductions:<\/p>\n\n\n\n<p><strong>Crude oil prices<\/strong><br>The statement noted that the price of Brent Crude oil increased from 61.47 US Dollars (USD) to 64.08 USD during the period under review. &#8220;The main contributing factors are the geopolitical uncertainty caused by various events relating to Iran, Greenland, Kazakhstan and Venezuela that gave rise to a risk premium and the extreme cold weather conditions which disrupted production in the US,&#8221; it explained.<\/p>\n\n\n\n<p><strong>International petroleum product prices<\/strong><br>The statement noted that the average international product prices decreased due to availability of inventories, despite the increase in crude oil prices. &#8220;These factors led to lower contributions to the Basic Fuel Prices of petrol, diesel and illuminating paraffin by 36.46 c\/l, 24.59 c\/l and 21.13 c\/l respectively. The prices of Propane and Butane increased during the period under review due to the cold weather in the Northern Hemisphere and tighter global supply,&#8221; the statement added.<\/p>\n\n\n\n<p><strong>The fuel prices for February 2026 will be adjusted as follows:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Petrol 93 (ULP &amp; LRP): Sixty-five cents per litre (65.00 c\/l) decrease.<\/li>\n\n\n\n<li>Petrol 95 (ULP &amp;LRP): Sixty-five cents per litre (65.00 c\/l) decrease.<\/li>\n\n\n\n<li>Diesel (0.05% sulphur): Fifty cents per litre (50.00 c\/l) decrease.<\/li>\n\n\n\n<li>Diesel (0.005% sulphur): Fifty-seven cents per litre (57.00 c\/l) decrease.<\/li>\n\n\n\n<li>Illuminating Paraffin (wholesale): Fifty-three cents per litre (53.00 c\/l) decrease.<\/li>\n\n\n\n<li>SMNRP for IP: Seventy cents per litre (70.00 c\/l) decrease.<\/li>\n\n\n\n<li>Maximum Retail Price of LPGas: Thirty-one cents per kilogram (31.00 c\/kg) increase and Thirty-six cents per kilogram (36.00 c\/kg) increase in the Western Cape.<\/li>\n<\/ul>\n\n\n\n<p>Additionally, the statement noted that &#8220;the cumulative slate amounted to a positive balance of R5.064 billion for petrol and diesel at the end of December 2025.&#8221;<\/p>\n\n\n\n<p><strong>READ MORE HERE: <a href=\"https:\/\/novanews.co.za\/february-fuel-prices-expected-to-bring-more-relief-for-motorists\/\">February fuel prices expected to bring more relief for motorists<\/a> <\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South African motorists are set to enjoy significant relief at the fuel pumps this February, with a stronger Rand playing a crucial role in driving down costs across all major 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