Unleaded price to go down while kerosene and premix prices to go up

Unleaded price to go down while kerosene and premix prices to go up

By Vijay Narayan
Friday 28/02/2020
[Photo: Alamy]

The price of unleaded fuel will decrease from $2.19 to $2.16 per litre while kerosene and premix prices will go up from this Sunday.

The Fijian Competition and Consumer Commission confirms that kerosene will go up from $1.58 to $1.67 per litre while premix will increase from $2.02 to $2.04 per litre

Diesel will remain the same at $1.87 per litre.

FCCC says several events in January 2020 contributed to significant uncertainty in crude oil markets and the world economy in general that had an impact on the local Fijian prices.

Crude oil prices early in the month rose at the highest level following U.S. military operations in Iraq. However, as tensions in the Middle East reduced and market concerns over any related oil supply disruptions faded, crude oil prices fell.

FCCC says rhe impact of the Coronavirus outbreak on China’s economy, the world’s largest crude importer had added to the uncertainties surrounding global economic growth and by extension global oil demand growth in 2020.

It says warmer-than-normal temperatures across much of the northern hemisphere reduced heating oil consumption.

The next fuel price review will be done on 1st April 2020.

FEATURE NEWS
95,285 visitors and most number of booths - record set for Fiji Showcase 2024
Fiji Showcase 2024 has set new records with the most number of people visiting the annual event and the most number of trade and exhibition booths. ...
4 hours ago
LATEST NEWS
World News: Trump is the Republican Presidential Nominee for December elections
Trump is the Republican Presidential Nominee for the December elections.Stay with us for ...
3 minutes ago

Suva City Council enforces food safety compliance
Restaurants and local businesses are urged to comply with the Food Safety Act 2023 in their daily operations as certain restaurants in the city were ...
1 hour ago

USP conducts free events on drug addiction and recovery
In a step to contribute towards national efforts in the fight against drug abuse, the University of the South Pacific is conducting a series of free ...
1 hour ago

FCCC carries out study on housing sector
As housing is a major concern in the country and options are running out for the younger generation, the FCCC is doing a market sectorial study ...
1 hour ago

iTLTB collects more than $1.4M in rent arrears in 3 weeks
The iTaukei Land Trust Board has successfully collected more than $1.4 million over the last three weeks following the launch of a major arrears ...
1 hour ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
2024-2025 National Budget address by the Minister for Finance
2024-2025 National Budget address by the Minister for Finance Prof. Biman Prasad. 2024-2025 Budget ...
12 days ago

Crisis within FijiFirst that led to its deregistration
The FijiFirst Party has been de-registered by the Registrar of Political Parties, Ana Mataiciwa. This is the end of the party that led government ...
16 days ago

Pre-Budget 2024-2025
Pre Budget 2024-2025 budget recommendations and an insight of what people on the ground wish to see in the National Budget
22 days ago

TOP