Consumers can expect a huge reduction in fuel and LPG prices from today.

The Fijian Competition and Consumer Commission announced yesterday afternoon that the new prices came into effect from midnight last night.

Motor Spirit decreased by 12 cents to sell at $2.83 a liter, Diesel now sells at $2.97 per liter, and Kerosene reduced by five cents to sell at $2.36 per liter.

Premix now sells at $2.64 per litre.

A 4.5kg Cylinder will now sell at $15.30, a drop of 53 cents.

The price of a 12kg Cylinder will now trade at $40.80, the bulk will sell at $3.15 and Autogas will retail at $2.09.

FCCC Chief Executive, Joel Abraham says the fuel price review follows a one-month lag period and as such, these November local fuel prices are based on imports made in September by fuel companies.

Abraham says movements in international freight rates, the strengthening of the US Dollar against the Fijian Dollar and a decrease in crude oil prices were also factors in the new fuel prices.