Petrol price for February: Here’s what it will cost to fill up your tank

It’s always a pleasure to bring good news to the motorists of Mzansi, no matter how small the victory. The petrol price is set to decrease even further in February, making it the second successive month where costs have come down. In fact, we’ve got some positive developments across the board.

Confirmed petrol price for February 2020

We can confirm there will be a hat-trick of decreases for our fuel and gas. Not only is petrol getting cheaper, but so are diesel and illuminating paraffin – even if it is by the barest of margins.

• Petrol (95 grade): Decrease of 13 cents per litre.
• Diesel: Decrease of four cents per litre.
• Paraffin: Increase of three cents per litre.

Subtracting these totals from January’s fuel price gives us the following average cost-per-litre for petrol and diesel. These prices will take effect in the first week of February:

Fuel	Inland	Coastal	Difference
Petrol	R16.03	R15.39	Down by 13 cents
Diesel	R14.58	R14.04	Down by four cents

Why is the petrol price forecast dropping in February?

The two indicators which determine our fuel prices are the rand and global oil prices. Although ZAR is struggling towards the end of the month, oil prices have calmed completely since an escalation at the start of January. The positives outweight the negatives in this case:

“Rising tensions between the USA and Iran in the opening days of 2020 sparked a sharp increase in international oil prices, but the commodity has rebounded quickly. In fact, the oil price has returned to a level we might have expected had the US-Iran flare-up not taken place at all,” 

“However, the rand has dipped to R14.30 to the US dollar. We have some concerns over this ongoing weakening in the absence of any overt Rand shocks. It is not a good sign of confidence in the SA economy. This year is likely to again be extremely economically challenging.”

AA statement

Diesel and petrol price for January – filling up in coastal regions:

Motor Vehicles and Bakkies

Average capacity: 45 litres
Cost for a full tank of petrol: R692.55
Cost for a full tank of diesel: R633

Mini Buses / Taxis

Average capacity: 75 litres
Cost for a full tank of petrol: R1 154
Cost for a full tank of diesel: R1 050

Buses and Trucks

Average capacity: 250 litres
Cost for a full tank of diesel: R 3 500

Motorcycles

Average capacity: 20 litres
Cost for a full tank of petrol: R307.80
Cost for a full tank of diesel: R282

Diesel and petrol price for January – Filling up inland

Motor Vehicles and Bakkies

Average capacity: 45 litres
Cost for a full tank of petrol: R721.35
Cost for a full tank of diesel: R657

Mini Buses / Taxis

Average capacity: 75 litres
Cost for a full tank of petrol: R1 202
Cost for a full tank of diesel: R1 095

Buses and Trucks

Average capacity: 250 litres
Cost for a full tank of diesel:  R3 650

Motorcycles

Average capacity: 20 litres
Cost for a full tank of petrol: R320.60
Cost for a full tank of diesel: R292