With just several days into the new year, consumers will breathe a sigh of relief as the price of all grades of petrol is set to come down by between 62 and 66 cents this week.
As of Wednesday, 7 January 2026, a litre of Petrol 93 (ULP & LRP) will decrease by 62 cents a litre and Petrol 95 (ULP &LRP) will decrease by 66 cents a litre.
The decrease in price means that a litre of 95, which currently costs R21.41 cents a litre, will now cost R20.75 in Gauteng. In the coast, a litre of 95 will cost R19.92 cents a litre.
The price of Diesel (0.05% sulphur) is set to decrease by R1.37 cents a litre, while the price of Diesel (0.005 % sulphur) will come down by R1.50 cents a litre.
The price of Illuminating Paraffin (wholesale) is set to come down by R1.10 cents a litre and the price of Illuminating Paraffin (wholesale) will fall by R1.48 cents a litre.
The Maximum Retail Price of LPGas will increase by 21 cents per kilogram and 23 cents per kilogram in the Western Cape.
According to the Department of Mineral and Petroleum Resources, the average Brent Crude oil price decreased from 63.55 US Dollars (USD) to 61.47 USD during the period under review.
“The main contributing factor is the oversupply of oil in the market due to increased production by OPEC+ and non-OPEC [Organisation of the Petroleum Exporting Countries] producers,” the department said in a statement on Sunday.
It further added that the average international product prices of Petrol followed the decreasing trend of crude oil.
“The prices of middle distillates, such as diesel and illuminating paraffin, decreased more significantly because of higher inventories for the winter season in the Northern Hemisphere. These factors led to lower contributions to the Basic Fuel Prices of Petrol, Diesel and Illuminating Paraffin by 45.03 c/l, 126.97 c/l and 87.96 c/l, respectively. The prices of Propane and Butane increased during the period under review due to tighter global supply.”
The drop in fuel prices in January 2026 follow fuel price increases in December 2025. - SAnews.gov.za
