A preliminary assessment of the potential operational and financial impacts of global fuel price volatility on the maritime and minibus sectors has been completed by the Fijian Competition and Consumer Commission.
FCCC says as part of the assessment, FCCC consulted with relevant industry stakeholders and analysed operational information, market data, and recent fuel price trends to evaluate the cost pressures facing service providers.
They say the review also considered whether current conditions warranted adjustments to regulated fares and charges.
FCCC stresses that at this stage, they have not reached a final determination; however, it will continue to closely monitor market conditions and engage with industry stakeholders and other relevant market participants.
They say this ongoing engagement will provide additional information to ensure that any future decision is based on comprehensive, accurate, and up-to-date evidence.
FCCC say their officers are also conducting joint surveillance exercises with the Land Transport Authority (LTA) to ensure compliance with regulated transport fares.
They say during these monitoring activities, concerns have been raised regarding fare increases on non-regulated rural and trunk routes.
Although these routes do not fall under FCCC's fare regulation, the Commission is working closely with LTA to assess the issues and determine the appropriate course of action.
FCCC's role is to ensure that any adjustment to regulated fares or charges for essential transport services is supported by clear evidence and reflects verified operating costs.
While the Commission acknowledges the financial challenges faced by operators during periods of rising costs, it must also consider the impact that increased transport charges have on consumers and businesses that rely on these essential services.
FCCC Chief Executive Officer Senikavika Jiuta says the Commission remains committed to ensuring that any future determination is fair, justified, and proportionate to demonstrated changes in operating costs.
Jiuta says periods of rising costs present challenges for both service providers and consumers.
