South Africa’s Fuel Prices to Increase in February: Here’s What You’ll Pay

by Central News Reporter
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South Africa’s Fuel Prices to Increase in February: Here’s What You’ll Pay

South Africa’s Fuel Prices

South Africans will face another fuel price hike in February 2025, marking the second consecutive increase since the beginning of the year. The Department of Mineral and Petroleum Resources announced on Tuesday that the price adjustments will come into effect at midnight on Wednesday, 5 February 2025.

According to the department, the rise in international oil prices and the weaker rand against the US dollar are the primary reasons behind the steep increase in petrol, diesel, and illuminating paraffin prices.

New Fuel Prices for February 2025

Motorists and businesses relying on fuel will be paying more at the pumps, with petrol, diesel, and LPG gas all experiencing significant price hikes.

Petrol Price Increases:

✔ Both grades (93 & 95) will increase by 82 cents per litre

Diesel Price Increases:

✔ 50ppm will rise by R1.01 per litre
✔ 500ppm will increase by R1.05 per litre

Other Fuel Increases:

✔ Illuminating paraffin will go up by R1.29 per litre
✔ Liquefied Petroleum Gas (LPG) will rise by 42 cents per kilogram

These price hikes will have an impact on transportation costs, business expenses, and household budgets across the country.

How Much Will You Pay at the Pumps?

With these adjustments, here’s what South Africans can expect to pay per litre from 5 February 2025:

✔ 95 Octane Petrol: R22.45/litre (Gauteng) | R21.62/litre (Coastal)
✔ 93 Octane Petrol: R22.16/litre (Inland)
✔ 50ppm Diesel: R19.44/litre (Inland) | R18.68/litre (Coastal)
✔ 500ppm Diesel: R19.52/litre (Inland) | R18.78/litre (Coastal)

These prices reflect a continued upward trend in fuel costs, making it one of the largest increases in recent months.

Why Are Fuel Prices Going Up?

The Department of Mineral and Petroleum Resources cited two key reasons for the fuel price increase:

  1. Higher International Oil Prices

✔ The price of Brent Crude oil rose from $72.78 to $77.41 per barrel in January.
✔ This increase was driven by higher global demand due to colder weather in the Northern Hemisphere and expectations of higher economic activity in China following government stimulus measures.
✔ Additionally, OPEC+ delayed increasing oil production until April 2025, keeping supply tight and pushing prices higher.

  1. Weakening of the Rand Against the US Dollar

✔ The rand depreciated from an average of R18.11 per US dollar in December to R18.73 per US dollar in January.
✔ A weaker rand means South Africa pays more for imported crude oil, leading to higher fuel prices locally.

Other Contributing Factors:

✔ Increased freight costs for transporting fuel internationally.
✔ Shipping costs for LPG gas were higher during the period under review.
✔ Russia-Iran sanctions and Middle Eastern instability further pressured global oil prices.

Impact of Fuel Price Hike on South Africans

These fuel increases will have a ripple effect on multiple sectors, impacting:

✔ Transport Costs: Commuters relying on public transport (taxis, buses, Uber) may face fare hikes.
✔ Food Prices: Increased transport costs could lead to higher food prices, especially for goods transported across the country.
✔ Electricity Prices: Households using paraffin for heating and cooking will feel the strain.
✔ Business Expenses: Industries relying on fuel—such as logistics, farming, and manufacturing—will face higher operational costs.

Economists warn that if fuel prices continue to rise, it could add inflationary pressure, affecting the overall cost of living in South Africa.

What This Means for Consumers

Motorists and businesses will need to budget accordingly, as this is the fourth consecutive month of fuel price increases.

✔ November 2024: Petrol up by 25c, Diesel up by 19c
✔ December 2024: Petrol up by 17c, Diesel up by 27c
✔ January 2025: Petrol up by 12c-19c, Diesel up by 20c
✔ February 2025: Petrol up by 82c, Diesel up by R1.01-R1.05

Fuel analysts predict that prices may remain volatile in the coming months, depending on global oil trends and rand performance.

Government’s Response

The Department of Energy stated that the slate levy remains unchanged at zero cents per litre for both petrol and diesel. This means there is no additional levy added to fuel prices for balancing the costs of previous under-recoveries.

However, calls have grown for the government to reassess fuel levies and taxes, which currently make up a significant portion of fuel prices.


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