New fuel prices to come into effect from tomorrow

The prices for LPG products, Motor Spirit and Kerosene will decrease while the Diesel and Premix will slightly increase for the 4th quarter 2017 review.

Minister for Trade and Tourism Faiyaz Koya today announced the new prices that was based on the latest review of prices by the Fijian Competition & Consumer Commission and the new fuel prices will come into effect from tomorrow.

Motor Spirit has dropped from $1.90 to $1.89 per litre, Kerosene from $1.31 to $1.30 per litre.

Premix has increased from $1.73 to $1.75 per litre, and Diesel prices increased from $1.53 to $1.55 per litre.

There is also a decrease in prices for all of the LPG products.

A 4.5KG cylinder decreases from $12.67 to $12.58, 12KG cylinder from $33.78 to $33.55, Bulk from $2.39 a KG to $2.38 a KG, and Auto Gas per litre from $1.59 to $1.58.

Koya says that the major reasons for the decrease in prices is the strong performance of the Fijian economy leading to the strengthening of the Fijian dollar against the US dollar, which has offset the increase in the international prices for butane, resulting in price decrease for all LPG products. 

Koya adds that the changes in prices can also be attributed to the increase in international prices of Diesel and Premix affected by supply disruptions due to damaged diesel refinery infrastructure caused by Hurricane Harvey and increase global demand for Diesel and input products for Premix.