Retail fuel prices have been slashed from Tuesday July 7, 2026 as global oil supplies steadies following the opening of key routes in the Middle East. The Botswana Energy Regulatory Authority (BERA) announced the reductions that will put smiles on consumers’ faces at both domestic and business levels.
The energy regulator said in a press release that retail pump price of unleaded petrol 95 has been reduced by 231 thebe per litre, with the new pump price set at 1821 thebe per litre. Diesel, which is a major input in farming and mining industries, will go down by 412 thebe per litre for diesel 50ppm. The new pump price for diesel will be 1821 thebe per litre. BERA also announced that retail pump price of illuminating paraffin will be decreased by 533 thebe per litre.
The new pump price will be 1833 thebe per litre. According to government, the adjustments follow decreases in international oil price observed during June 2026. “The decline in prices was driven mainly by a reduction in geopolitical risk premiums as tensions in the Middle East eased following the announcement of a preliminary agreement and Memorandum of Understanding between the warring parties,” BERA said. Data has shown that average Brent crude oil prices fell sharply by 18.6% from US$103.71 per barrel in May 2026 to US$84.43 per barrel in June 2026.
“Likewise, international prices of refined products also followed a similar trajectory during the month,” BERA added. Average price of unleaded petrol 95 (ULP) 95) fell by 16%, from US$133.40 per barrel in May 2026 to US$112.09 per barrel in June 2026. Equally, average diesel prices declined by 15% from US158.84 to US$130.27 per barrel, while illuminating paraffin prices decreased by 18.4%, from US$160.35 to US$127.14 per barrel. However, it remains to be seen if peace gestures between the U.S and Iran will hold as new attacks against each other continues violating the fragile MoU.