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Fuel And LPG Prices Decrease

Fuel And LPG Prices Decrease
July 14
10:26 2017

The 3rd quarter review by the Fiji Commerce Commission has prompted a decrease in the prices of fuel and LPG products.

This was announced by the Minister for Industry, Trade, Tourism, Lands and Mineral Resources Faiyaz Siddiq Koya yesterday.

The new prices of: unleaded petrol, premix, kerosene, diesel and LPG products based on the latest review of prices by the Fiji Commerce Commission.

“The change in prices is because after the review period of April-June 2017, there was some attributed favourable movements in production cuts until March 2018 by petroleum suppliers.

“There was also an increase in the US petroleum production, higher demands for refined petroleum for this quarter and the strengthening of the trading currency of the US dollar,” said Mr Koya.

According to Mr Koya, the prices will be effective from the 15th of July.

 

NEW PRICES ANNOUNCED FOR:

Unleaded petroleum

Premix

Kerosene

Diesel

LPG products

 

FUEL:

The fluctuations in the international prices, and the movements of freight rates and exchange rates have been considered in the review based on the months of April to June 2017.

The resulting effect of the product movements has seen the following changes in fuel prices for the third quarter of 2017 for the Fijian market (see Table 1).

 

 

 

Feedback:  monica.aguilar@fijisun.com.fj

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