In February 2017 fuel prices in the country increased by $0.067 per litre.
The ministry of natural resources announced that the price hike was influenced by a similar price increase in neighbouring South Africa, which came into effect on Wednesday night.
A study of fuel price trends by Eqstra Fleet Management stated: “Given the current situation, and taking into account the Brent Crude Oil predictions and currency exchange factors, we anticipate that the Swaziland fuel price will increase between 8 – 9%. We therefore recommend that an annual inflation of at least 8% is
budgeted for fuel”.
Swaziland currently imports all regulated petroleum products from South Africa, and has an objective to keep petroleum prices affordable to the public, but this is undermined by the volatility in international oil
prices and the Lilangeni/Dollar exchange rate, over which the government has no control.