Finance · South Africa
Rand Strength Cuts Petrol Prices to Four-Year Low
Moneyweb · 2026/02/02
Summary
South Africans are experiencing lower petrol and diesel prices thanks to a stronger rand. Since February, fuel costs have dropped significantly, reaching their cheapest levels in four years. This is mainly because the rand has gained value, which helps reduce the impact of rising global oil prices. When the rand is stronger, it costs less to import petrol and diesel, so the prices at the pumps go down. This relief comes at a good time as many people and businesses are feeling the pressure from high fuel costs, which affect transport and goods prices. Lower fuel prices can help reduce overall expenses for both consumers and companies.
OnABudget takeaway: Lower fuel prices mean consumers can save money on travel and daily expenses. Small business owners will also benefit from reduced transport and delivery costs, helping them manage budgets better.