South Africa cut fuel prices Jan. 7, 2026, due to a stronger rand and lower global oil demand.

South Africa’s retail fuel prices dropped starting 7 January 2026, with petrol 93 falling 62 cents, petrol 95 by 66 cents, diesel by 137 cents, and paraffin by 110 cents per litre. The decreases followed a stronger rand and lower global oil prices due to increased supply from OPEC+ and non-OPEC producers. The move supports a recent decline in consumer inflation to 3.5% in November, aligning with the Reserve Bank’s target.