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Home Business

FNB doubles cashback rewards due to fuel hike

Khulekile Mhlanga by Khulekile Mhlanga
May 19, 2026
in Business
Reading Time: 1 min read
0
FNB doubles cashback rewards due to fuel hike

FNB Eswatini head of retail Dr Mncedzi Ngomane

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Mbabane – In response to rising fuel prices, FNB Eswatini has announced that it will double its Fuel Cash Back Rewards from now until August 2026 to help cushion its customers against increasing costs.

The three-month relief initiative comes immediately after the Ministry of Natural Resources and Energy pushed petrol prices to E25.27 per litre and diesel to E31.60 per litre. Under the revised rewards programme, customers who swipe their FNB cards at any filling station nationwide will receive twice their usual monthly cashback return.

FNB Eswatini’s Executive Head of Retail, Dr. Mncedzi Ngomane, stated that the intervention is a direct response to the intense economic pressures rising fuel costs are placing on local households and individuals. He noted that while the financial institution is also vulnerable to these macroeconomic shifts, it has a responsibility to deploy commercial solutions that protect consumer wallets.

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The temporary subsidy builds on an existing rewards framework that returned over E1.5 million in cash back to more than 35,000 customers during the 2025 financial year. Bank officials confirmed that the double-payout mechanism will run automatically on all qualifying card transactions at the pumps without requiring customers to re-register for the program.

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The bank stated that it will continue tracking the volatility of international oil markets and the Lilangeni-Dollar exchange rate to determine if further consumer interventions are necessary before the August cutoff date.

Khulekile Mhlanga

Khulekile Mhlanga

Khulekile Mhlanga is an aspiring journalist currently interning at Independent News Eswatini, known for strong writing and editing skills. A student at Limkokwing University of Creative Technology, she is passionate about storytelling and dedicated to uncovering the truth in a fast-paced media environment. She is committed to ethical reporting and to building trust with both sources and audiences.

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