Drivers in Switzerland will have some more money in the kitty in the coming weeks, thanks to a drop in the price of petrol and diesel. Reports from the Swiss media suggest that fuel prices have dropped to their lowest level in four years.
According to the latest data from Touring Club Switzerland (TCS), the average cost of Bleifrei 95 in Switzerland stood at 1,68 francs per litre on June 2. This is in dramatic contrast to the start of the year, when costs stood at 1,74 francs per litre. Diesel prices have also dropped, from 1,83 francs per litre at the start of 2025 to 1,77 francs today.
"You have to go back four years – to the exact day – to find gasoline and diesel prices at this level," TCS expert Erich Schwizer told 20 Minuten. The cheapest prices are expected in St. Gallen and Bern, while the priciest fill-ups will be in Canton Zurich and Zug.
The TCS, among other experts, have attributed the low prices to OPEC, the group of the world’s largest oil-producing countries. Production among OPEC members has increased significantly in May and June 2025, and 411.000 extra barrels are expected to be filled every day in July. “This typically results in a drop in the price of crude oil, allowing refineries to purchase the raw material more cheaply," Schwizer noted.
The second reason is a fall in the value of the US dollar, the currency with which oil is traded. Whether deliberately or not, the tariff actions and economic policies of Donald Trump have hurt confidence in the dollar, sending it to a record low valuation against the franc in recent months.
"A cheaper dollar means that the price of gasoline and diesel is cheaper after conversion into Swiss francs," Schwizer noted. Dramatically reduced freight rates on the River Rhine have also allowed prices to fall further.
What’s more, fuel costs may continue to sink. Speaking to 20 Minuten back in March, investment expert Simon Lustenberger noted that "price adjustments are more slow to move downwards than upwards", with Schwizer adding that it may take some time for the lower wholesale prices to be reflected at the pumps.
However, he also warned that various factors could cause prices to rise rapidly again, from technical defects and strikes to espionage.
Though drivers will be happy to learn that fuel prices are falling, evidence suggests that motorists have been better off than others when it comes to the cost of living. A report from the Swiss Price Monitor in 2024 found that while the cost of public transport has doubled since the 1990s, the cost of driving has only risen by a quarter, well below average rates of inflation.