Fuel and gas prices to go up from Monday

Fuel and gas prices to go up from Monday

By Mosese Raqio
Saturday 30/03/2024
Photo : File

People will have to dig much deeper into their pockets for the month of April as fuel and gas prices will go up from Monday.

The Fijian Competition and Consumer Commission (FCCC) has determined the new regulated price, as Unleaded Petrol will increase from $2.91 to $3.00 per litre which is an increase of 9 cents, Premix increases from $2.73 to $2.84, Kerosene to increase from $1.99 to $2.05 and Diesel will have an 11 cents increase from $2.58 to $2.69.

A 4.5kg cylinder will have a 23 cents increase from $15.58 to $15.81, a 12kg cylinder will increase from $41.54 to $42.16, bulk gas will increase from $3.21 to $3.25 and Autogas will have a 3 cents increase from $2.25 to $2.28.

The FCCC says Fuel & LPG product price review in Fiji follows a one-month lag period, therefore, the local Fuel and LPG prices for April 2024 are based on Refined Fuel and Butane imports made by Fuel and LPG companies in February 2024.

They say the fuel prices in Fiji are impacted by movements in the Means of Platts Singapore (MOPS), international freight rates and foreign exchange rates.

FCCC says the prices issued are maximum wholesale and retail prices, and the wholesalers and retailers can sell the refined fuel products at the maximum wholesale and retail prices or below the authorised prices.

They say inspectors will continue to conduct checks during the coming weeks to ensure ongoing compliance.

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