Fuel and gas prices drop from today

Good news as fuel and gas prices will decrease from today.

The price of unleaded fuel will drop by 12 cents a litre to $2.83, diesel will drop to $2.97, premix will go down by 13 cents to $2.64 a litre and kerosene will decrease from $2.41 to $2.36 a litre.

A 4.5kg cylinder of gas will drop to $15.30 while a 12kg cylinder will drop by $1.42 to $40.80.

Bulk gas will be $3.15 kg while Auto gas will be $2.09 a litre.

The Fijian Competition and Consumer Commission say the fuel price review in Fiji follows a one-month lag period and as such, in November 2022 local fuel prices are based on imports made in September 2022 by fuel companies.

FCCC has highlighted that the fuel price in Fiji is impacted by the movement in the Means of Platts Singapore, international freight rates and foreign exchange rates.

They say the major reason for the changes in local prices of fuel products in November 2022 is due to international refined fuel prices in August 2022 and international freight rates of all refined fuel products.