POST FIJI will increase the domestic postal rate effective from Monday next week.
This follows an increase in the cost of procuring goods and services from Post Fiji's suppliers over the past six years.
Post Fiji board chairman Lawrence Tikaram said other pertinent factors since 2006 which led to the increase include a 20 per cent devaluation of the Fiji dollar in April 2009, the increase in VAT from 12.5 per cent to 15 per cent in 2011 and the rise in fuel, electricity, transportation, air conveyance, stamp printing, Customs duty and administration costs.
Mr Tikaram, confirmed in a statement the last adjustment in postal rates was done way back in 2006 and advised it was necessary because of the increase in operating costs for delivery of letters and parcels within Fiji.
He said this had consistently put pressure on Post Fiji's operating expenditure and long-term financial sustainability.
The postal rate increase are for domestic letters, domestic sea/surface parcels and domestic air parcels to name a few.
International postal rates for letters and parcels will remain unchanged.
Rates for premium valued added services such as domestic and international registered post and fast post services will also increase.
Mr Tikaram said Post Fiji believes this strategic adjustment in postal tariff rates would enable the company to operate more efficiently and continually improve its services.
The change in postal tariff rates still puts Post Fiji as the postal operator leader in the Pacific region providing the lowest postage rates for its domestic services, yet operating in a very competitive environment.
These increases had been approved by the Fiji Commerce Commission.