Fuel and gas prices to increase from tomorrow

Fuel and gas prices to increase from tomorrow

By Vijay Narayan
Wednesday 31/03/2021

Get ready to dig deeper into your pockets as the prices of unleaded fuel, diesel, kerosene, premix and gas will go up from tomorrow.

The Fijian Competition and Consumer Commission says unleaded fuel will go up by 11 cents to $2.24 per litre, diesel will go up by 11 cents to $1.86 per litre, kerosene will increase by 15 cents to $1.43 per litre and premix will go up by 10 cents to $1.85 per litre.

The FCCC says the fuel and gas price review implemented by the commission follows a one-month lag period, as such, the April 2021 fuel and gas regulated prices are based on the importations made in February this year by the companies.

The fluctuations noted in fuel prices for April are due to unfavourable movements noted in the international prices for unleaded fuel, premix, kerosene and diesel and unfavourable movements in the international freight rates which were supported by strengthening of the US dollar against the Fijian dollar based on February imports.

The crude oil prices also surged by more than 13 percent to their highest monthly average since January 2020, hitting 13-month highs.

Gas prices in Fiji is impacted by the movement in Saudi Aramco Butane Contract Price (CP), the international freight rate and the exchange rate.

Fiji Gas Limited says after the FCCC’s assessment, the maximum retail price for a 13 kg cylinder of gas to be sold in Viti Levu and Vanua Levu will be $40.94 while autogas will be $1.77 a litre.

The company says the maximum retail price for a 13 kg cylinder of gas on the outer islands will be $41.94, those living in Taveuni for gas to be delivered out of Vanua Levu will have to pay $43.93 while autogas per litre will be $1.84.

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