MBABANE: Dorcas N. Dlamini, the Principal Secretary (PS) in the Ministry of Natural Resources and Energy has announced fuel prices increase.
The new fuel prices shall come into effect Midnight, Thursday, 7th September 2023 (effective Friday, 8th September, 2023).
The price of Unleaded Petrol 95 (ULP 95) will increase by one rand fifty cents (E1.50) per litre while the prices of diesel ppm and illuminating Paraffin will increase by two rands fifty cents (E2.50) per litre.
“The fuel price increase is a result of the significant increase in the international fuel prices coupled with weaker Lilangeni/Dollar exchange rate experienced in the month of August 2023. This situation led to huge under recoveries/deficit in the local fuel products, necessitating the price increase," reads part of the statement released by the Principal Secretary in the Ministry of Natural Resources and Energy.
Natural Resources Principal Secretary Dorcas Dlamini announces fuel prices increase oil ‘climbs’ above $85.32 per barrel.