Energy

Here is the official petrol price for February

Staff Writer

 ·2 Feb 2026

The Department of Petroleum and Mineral Resources has published the official fuel price adjustments that will take effect on Wednesday, 4 February 2026.

January saw oil prices trade higher as a result of geopolitical volatility and worries over escalations between the US and Iran in the Middle East.

This saw oil prices rise from below $60 a barrel to over $70 a barrel during the course of the month.

The rise in oil was offset by a major rally in the rand, however, allowing fuel price recoveries to remain positive.

Because of this, from Wednesday, petrol users will see prices decrease by 65 cents per litre, while diesel drivers will see a cut of between 50 and 57 cents per litre.

The table below outlines the changes:

The average Brent Crude oil price increased from 61.47 US Dollars (USD) to 64.08 USD during the period under review.

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.

The average international product prices decreased due to increased inventory availability, despite an increase in crude oil prices.

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.

The Rand appreciated on average against the US Dollar (from 16.85 to 16.31 Rand per USD) during the period under review, compared to the previous one.

This led to lower contributions to the Basic Fuel Prices of petrol, diesel and Illuminating Paraffin by 28.52 c/l, 31.62 c/l and 31.86 c/l, respectively.

In line with the provisions of the Self-Adjusting Slate Levy Mechanism, the slate levy remains unchanged at zero cents per litre (0.00c/l) in the price structures of petrol and diesel.

The prices take effect from Wednesday, 4 February 2026.

This is how the price changes will reflect at the pumps (Diesel prices reflect wholesale, pump prices will differ):