Mbabane-The government of Eswatini has announced a decrease in the price of fuel effective at midnight, Thursday, 04 August, 2022. In statement issued by the Ministry of Natural Resources, the price of petrol (ULP) will decrease by 60c/l and Diesel 50 ppm S will decrease by 40c/l.
According to the statement signed by the Principal Secretary in the Ministry, Dorcas Dlamini, “the fuel price decline is a result of the reduced global oil demand in light of the travel lockdowns in China where they are trying to curb the rising COVID 19 prices.”
International crude oil prices decreased to an average US$ 106.27 per barrel in the month of July from an average of US$ 118.56 per barrel in the month of June 2022. The Lilangeni/Dollar exchange rate negated the positive effects of the oil prices as it depreciated and averaged E 16.87 in the month of July 2022 as compared to E 15.71 in the month of June 2022.
The news fuel prices will now stand as follows:
- Unleaded petrol (ULP) price will decrease from E23. 85/litre to E23.25/litre:
- Diesel (0.005% S) price will decrease from E24.40/litre to E24. 00/litre:
- Paraffin price will remain at E19.15/litre.
Dlamini encouraged members of the public to use fuel efficiently as the international oil markets and the Lilangeni/Dollar exchange rate remain volatile.