(Fairly) Large drop in fuel prices expected in February

The price of petrol is set to decrease by around 41cents a litre on 7 February.

The price of diesel may fall by 23 cents a litre, according to the Automobile Association, while the price of illuminating paraffin may drop by about 26 cents.

International oil prices are up from $63 per barrel to just under $70 a barrel during the past month.

However, more expensive oil was more than offset by the rand; strong since the election of Cyril Ramaphosa as the President of the ANC, and on expectations that Jacob Zuma may step down as president of the country.

The Minister of Energy will announce the final price changes at the end of the month.


Recommended

by THE NEWSROOM

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
‘Lifestyle audits’ for all politicians to be the norm, promises Ramaphosa

‘Lifestyle audits’ for all politicians to be the norm, promises Ramaphosa

What is a “lifestyle audit”? The Money Show’s Bruce Whitfield interviewed ENS Africa Director in Forensics Steven Powell.

Hyundai Creta has the best ad ever! Mitsubishi ASX? Not so much…

Hyundai Creta has the best ad ever! Mitsubishi ASX? Not so much…

Advertising expert Andy Rice loves the Hyundai Creta ad, but hates the one for the Mitsubishi ASX.

Discovery profits skyrocket. Sets rough launch date for its new retail bank

Discovery profits skyrocket. Sets rough launch date for its new retail bank

The Money Show’s Bruce Whitfield interviews Discovery Limited Group CEO Adrian Gore.

'Treasury may introduce VAT on fuel, a big money-spinner'

'Treasury may introduce VAT on fuel, a big money-spinner'

The Money Show’s Bruce Whitfield interviews Old Mutual Multi-Managers Chief Investment Strategist Dave Mohr.

400 000 tons of perfectly good glass goes into landfills each year in SA

400 000 tons of perfectly good glass goes into landfills each year in SA

The Money Show’s Bruce Whitfield interviews The Glass Recycling Company CEO Shabeer Jhetam.

Euphonik (one of South Africa's top DJs) opens up about money

Euphonik (one of South Africa's top DJs) opens up about money

Bruce Whitfield talks to Euphonik (aka Themba Nkosi) about his attitude to money (hopes and fears, successes and failures, etc.)

Popular articles
"Duduzane Zuma is the Gupta family's greatest asset"

"Duduzane Zuma is the Gupta family's greatest asset"

Sunday Times journo Thanduxolo Jika who broke the front page story about the Gupta family emails vouches for their authenticity.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

‘My worst fear is being 80 years old and poor’ – famed actor Dr. John Kani

‘My worst fear is being 80 years old and poor’ – famed actor Dr. John Kani

"My earliest memory of money is my father saying, ‘Why do you want to do this thing? How are you going to feed the family?'"

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

5 advantages of leasing instead of owning a car (lower monthly payments!)

5 advantages of leasing instead of owning a car (lower monthly payments!)

Want (or need) a new car? Dale Scorer (a wealth manager at AlphaWealth) reckons you should consider leasing.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?