South African consumers will benefit from a significant reduction in fuel prices this week. Effective Wednesday, 7 January 2026, petrol prices will fall by 62–66 cents per litre: Petrol 93 (ULP & LRP) will drop by 62 cents, while Petrol 95 (ULP & LRP) will decrease by 66 cents, bringing the cost of a litre of Petrol 95 to R20.75 in Gauteng and R19.92 along the coast.
Diesel prices will also decline, with 0.05% sulphur diesel down by R1.37 per litre and 0.005% sulphur diesel down by R1.50 per litre. Illuminating paraffin prices will fall by R1.10–R1.48 per litre, while LPG will see a modest increase of 21–23 cents per kilogram.
The Department of Mineral and Petroleum Resources attributed the drop to an oversupply of oil in the global market from OPEC+ and other producers, along with higher inventories of middle distillates for the Northern Hemisphere winter. Brent crude oil averaged 61.47 USD, down from 63.55 USD, influencing the downward adjustment. This decrease follows a period of rising fuel prices in December 2025.
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