Fuel price history › February 2024
Fuel Price February 2024 — South Africa
Official Department of Mineral and Petroleum Resources prices for February 2024, inland and coastal, and how each one moved against January 2024.
What Changed in February 2024
How each product moved from January 2024 to February 2024, per the official DMPR Breakdown of Prices.
| Product | Zone | January 2024 | February 2024 | Change |
|---|---|---|---|---|
| Petrol 95 ULP | Inland | R22.49 | R23.24 | ↑ up 75c |
| Petrol 95 ULP | Coastal | R21.77 | R22.52 | ↑ up 75c |
| Petrol 93 ULP / LRP | Inland | R22.17 | R22.92 | ↑ up 75c |
| Diesel 0.05% (500ppm) | Inland | R20.63 | R21.36 | ↑ up 73c |
| Diesel 0.05% (500ppm) | Coastal | R19.91 | R20.64 | ↑ up 73c |
| Paraffin (wholesale) | Inland | R15.31 | R15.84 | ↑ up 53c |
| Paraffin (wholesale) | Coastal | R14.38 | R14.91 | ↑ up 53c |
Petrol and diesel are pump prices in rand per litre; paraffin is the wholesale price. Diesel is sold at a wholesale list price, so forecourt pricing varies by retailer.
What Drove the February 2024 Change
South African pump prices are set from the previous month’s market: the average Brent crude price in US dollars, the average rand/dollar exchange rate, and the gap that opens between the Basic Fuel Price and what you are actually charged.
Brent figures are daily closes from public market feeds, averaged over January 2024. The DMPR uses its own official daily rates, so treat this as the direction of travel rather than the exact input to the calculation.
For the current picture see the live Brent crude price in rand, or the next fuel price change page.
February 2024 in the Longer Trend
Jump to another month:
Frequently Asked Questions
Did the petrol price go up or down in February 2024?
Petrol 95 inland up 75c in February 2024, from R22.49 to R23.24 per litre. That is a increase.
What was the petrol price in February 2024?
Petrol 95 ULP was R23.24 per litre inland (Gauteng and the interior) and R22.52 at the coast. Petrol 93 was R22.92 inland.
When does the fuel price change in South Africa?
On the first Wednesday of every month, at midnight. The Department of Mineral and Petroleum Resources sets the new levels from the previous month’s average Brent crude price, the average rand/dollar exchange rate and the resulting under- or over-recovery. The next adjustment is Wednesday, 5 August 2026.
Why is fuel more expensive inland than at the coast?
Fuel is refined or landed at the coast and moved inland by pipeline and road. The DMPR adds that transport and storage cost to the Basic Fuel Price by zone, which is why Gauteng pays roughly 70–90 cents a litre more than Cape Town or Durban.