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Price variations

Tevita Vuibau
Friday, November 23, 2012

THE 2013 National Budget announced yesterday saw some major price variations. As anticipated, the price of alcohol and cigarettes increased but there was also reduced duty and excise on other goods that were of note.

Going Up

* Excise and fiscal duty rates on alcohol and cigarettes were both increased by 10 per cent in order to help public awareness programs on the prevalence of non-communicable diseases.

* Under the new excise rate increases, the price of any ale, beer, stout or fermented liquor with alcoholic strength of three per cent or less — will increase by 14 cents per litre, from $1.43 per litre to $1.57.

* For those same products with alcoholic strength of over three per cent, the price will increase from $1.67 per litre to $1.84.

* The price of Ready to Drink (RTDs) beverages with an alcoholic strength of 11.49 per cent or less will increase by 10 cents from $1.03 per litre to $1.13.

* Wine drinkers will also see the prices of their favoured brews increase by 22 cents for still wine and 25 cents more for sparkling.

* Cigarettes made from local tobacco will increase to 106.35 cents per ten sticks — up from 96.68 cents.

* Cigarettes made with imported tobacco will see an increase from 145.03 cents per ten sticks to 159.53 cents.

* Manufactured tobacco containing tobacco grown outside Fiji increases from $83.56 per kilogram to $91.92.

* Manufactured tobacco containing tobacco grown in Fiji increases from $49.09 per kilogram to $54.00.

* The introduction of a green tax will also see the price of fuel increase.

* Motor spirits will increase from 44 cents per litre to 46 cents per litre while automotive and industrial diesel oil increase from 18 cents per litre to 20 cents per litre. However bus and fishing industries will be exempted from this increase.

Going Down

* Duty on smart phones has been reduced from 5 per cent to 0 per cent to allow more Fijians access to data transfer and the internet.

* Duty on imported vegetables that are not grown locally has also been reduced to five per cent-this matches the rate on imported fruits not grown locally.





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