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Fuel prices change

Shalveen Chand
Monday, April 14, 2014

THE price of petrol and premix goes up by four cents from midnight tonight.

This was announced in the latest quarterly review of fuel prices in a Ministry of Information statement yesterday.

However, the cost of diesel, LPG-auto gas and kerosene are reduced.

Unleaded motor spirit (petrol) will rise from $2.59 to $2.63 a litre and premix fuel will go from $2.51 to $2.55 a litre.

The price of diesel will go down by four cents from $2.39 to $2.35 a litre while the price of kerosene goes down by four cents a litre from $2.22 to $2.18.

A litre of LPG-auto gas will fall by more than 3 per cent from $2.36 to $2.29 and there's no reduction in the price of cylinder gas, which remains the same as last quarter.

The Minister for Industry and Attorney-General Aiyaz Sayed-Khaiyum said prices were based on global fluctuations over which Fiji, as a price taker, had no control.

"Many people will welcome the fall in the price of diesel and auto gas, especially in the transport sector, and ordinary Fijian householders everywhere will also be pleased to be paying less for kerosene," he said in the statement yesterday.

"Unfortunately, the news this quarter is not so good for motorists and those using premix fuel.

"Our vulnerability to price fluctuations determined by the global market must make us all even more determined to conserve energy, use it wisely and look for alternative energy sources.

"The government is also currently looking at different models to further reduce our vulnerability to price fluctuations."





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