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Fuel prices change

Dawn Gibson
Wednesday, January 15, 2014

PUBLIC transport operators have expressed concern for their respective businesses following the announcement of fuel price changes for the first quarter of 2014.

Yesterday, Commerce Commission chairman Dr Mahendra Reddy and Attorney-General Aiyaz Sayed-Khaiyum announced a reduction in the per litre prices of motor spirit and premix followed by the news that kerosene, diesel and liquid petroleum gas prices (LPG) had increased.

"Naturally it will cost us more to operate now," said Fiji Bus Operators Association president Vijendra Kewal in an interview last night.

"We will have a meeting with stakeholders soon and comment on the matter later, but at this stage I can confirm it will affect us and it will hit our expenses again."

Echoing Mr Kewal's words was Fiji Taxi Union president Vincent Singh who said the taxi industry was expected to suffer from the price changes.

"I think the taxi industry will be suffering a lot. Especially when there are so many LPG cars, so many companies have got gas cars now," Mr Singh said last night.

"I am sure we will be affected very badly because that is a big rise. We cannot do much because we can't ask for any taxi fare increase as we have signed an agreement with the government.

"We will just have to take the pressure anyway."

Explaining the fuel changes, Dr Reddy said prices were determined by a number of factors and evaluated on a quarterly basis.

"For this quarter, the fuel that will be sold is based on the fuel that has been purchased last quarter — the last quarter is October, November and December," Dr Reddy said.

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