New fuel prices announced
May 28, 2021 2:30 pm
There will be a slight increase in the price of motor spirit and premix from next month.
The Fijian Competition and Consumer Commission have announced that motor spirit will increase by one cent per litre, while Premix moves from $1.96 to $1.97 a litre.
The price of Kerosene remains at $1.43 while Diesel sees a decrease of five cents, from $1.94 to $1.89.
LPG prices will drop across the board.
A 12kg gas cylinder sees a $1.60 drop and will retail at $36.83,
A 13kg cylinder will decrease from $41.64 to $39.90 while a 4.5kg cylinder will see a drop of 60 cents from $14.41 to $13.81.
Bulk gas will see a 10 cents decrease from $2.70 to $2.60 per kg.
Autogas moves from $1.81 to $1.74.
FCCC says fluctuations noted in local fuel prices for June are due to unfavourable movement noted in the international prices for Motor Spirit and Premix, however favourable movement was noted in the international price for Diesel.
Furthermore, an unfavourable movement was noted in the international freight rate on all refined products.
It adds that the fluctuations in international prices and international freight rate were supported by the strengthening of the US dollar against the Fijian dollar based on April 2021 imports.