The Ministry of Natural Resources and Energy has announced a reduction in fuel prices, with the new prices taking effect at midnight on Thursday, July 2, 2026, and becoming effective on Friday, July 3, 2026.
According to the Ministry of Natural Resources and Energy Principal Secretary, Lindiwe Mbingo, the price of Unleaded Petrol will decrease by E1.50 per litre,
Diesel 50ppm S will decrease by E3.00 per litre, and Illuminating Paraffin will also decrease by E3.00 per litre. Mbingo said the adjustment follows a decline in international crude oil prices.
“The international crude oil prices have decreased and traded at an average of USD91 per barrel, compared to an average of USD110 per barrel realised in May, 2026, due to the recent diplomatic breakthrough in the Middle East geopolitical tensions,” she said.
She further stated that the Lilangeni had recorded a slight appreciation against the United States Dollar during the review period. 
“The Lilangeni/Dollar exchange rate recorded a slight appreciation and averaged E16.37 in June, 2026 compared to the E16.52 realised in May, 2026,” said Mbingo.
Following the adjustment, the retail price of Unleaded Petrol (ULP95) will decrease from E26.17 per litre to E24.67 per litre. The price of Diesel (0.005% S)
will decrease from E29.20 per litre to E26.20 per litre, while Illuminating Paraffin will decrease from E23.38 per litre to E20.38 per litre.
Mbingo encouraged consumers to continue using fuel responsibly despite the reductions.
“The Ministry encourages the public to use fuel efficiently as the international oil markets and the Lilangeni/Dollar exchange rate remain volatile,” she said.
