February Fuel prices rise from Wednesday
The Department of Petroleum and Mineral Resources has published the official fuel price adjustments that will take effect on Wednesday. Motorists are expected to dig deeper following a rise in both petrol and diesel.
January saw both the global price of petrol increase and the rand come in weaker relative to December. This led to an under-recovery in prices.
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This has translated to a price hike at the pumps, marking the fourth consecutive month of increases. It’s the second increase for 2025.
FUEL PRICE ADJUSTMENTS SEE AN INCREASE IN BOTH PETROL AND DESIEL
Prices will be going up by 82 cents per litre for 93 and 95 petrol, respectively. It will also go up by R1.01 and R1.05 cents per litre for diesel.

Meanwhile, the average Brent Crude oil price increased from 72.78 US Dollars to 77.41 USD during the period under review.
The main contributing factors increased demand due to cold weather in the Northern Hemisphere, anticipated increase in demand for oil from China following economic stimulation policies.
On the other hand, supply was affected by OPEC+ decision to delay production increase until April 2025 as well as new sanctions against Russia and Iran. This could further constrain supply and result in higher freight rates.