February will see the decrease of fuel prices allowing many South Africans to breathe a small sigh of relief.
The energy Department has announced that the price of all grades of petrol will drop by 30 cents per litre at midnight on Tuesday the 6th of February.
Similarly, Diesel (0.05% sulphur and 0.005%) will drop by 17 cents per litre, while paraffin would drop by 19 cents per litre at retail price and 26 cents per litre at Single Maximum National Retain Price (SMNRP).
LP Gas is also scheduled to drop by 23 cents per kilogram.
The department added that the main reason for this fuel price drop should be attributed to the recent rand to US dollar exchange rate. While it had a slow fall in 2017, the rand saw an appreciation in January soon after the ANC NEC elections which led to the strengthening of the currency on the global markets.