New fuel prices effective tomorrow
July 31, 2020 12:50 pm
New fuel prices come into effect from tomorrow.
Motor Spirit will increase by 12cents per litre to retail at $1.96.
Premix increases to $1.61 a litre after a 14 cent hike.
Diesel sees an 11cent increase to sell at $1.63 per litre.
The price of kerosene remains the same as 91 cents per liter.
Retail LPG prices have dropped.
A 4.5kg cylinder sees a drop of 32 cents to sell at $11.54.
The cost of a 12kg cylinder will reduce by 85 cents, retailing at $30.79.
13kg cylinders will sell at $33.35 after a 93 cent reduction.
Bulk Gas sees a 3 cent per kg drop to sell at $2.13 and Autogas will cost $1.43 – a 2 cent reduction.
Fijian Competition and the Consumer Commission Operations Manager Senikavika Jiuta says the fuel prices for the month of August are due to unfavourable movement in the international prices for motor spirit, premix, kerosene and diesel.
She says the major reason for the decrease in prices for all LPG products in August are due to decrease in butane price, international freight and a slightly weakened US dollar against Fijian dollar.
“The fuel and LPG price implemented by FCCC follows a month lag period as such August 2020 fuel and LPG regulated prices are based on importation made in June by fuel companies and LPG companies in Fiji.”
Fiji is directly impacted by world market prices for both refined oils and LPG, and any changes to the world market prices will be reflected in fuel and LPG prices in the country.
The next price review will be conducted on 1st of September.