Fiji Time: 2:30 AM on Thursday 27 July

Fiji Times Logo

/ Front page / News

Drop in fuel prices

Ropate Valemei
Wednesday, July 16, 2014

CONSUMERS must expect a decrease in fuel prices across the board following an announcement by the Fiji Commerce Commission yesterday.

The drop in prices, effective from midnight Monday, was based on the exchange rate and market fluctuations.

According to a Government Gazette on the Commerce (Price Control) (Petroleum Prices) (No.3) Order 2014, the price of motor spirit fell by 3 cents from $2.63 to $2.60 a litre, premix was down 2 cents from $2.55 to $2.53 a litre, kerosene by 5 cents from $1.87 to $1.82 a litre, and diesel by 4 cents from $2.35 to $2.31 a litre.

There was also a fall in LPG prices for the third quarter of this year.

A 4.5 kilogram cylinder is reduced by $1.49 from $18.35 to $16.86 — a fall of more than 8 per cent.

The price of a 12kg cylinder also decreased by $3.95 from $48.92 to $44.97, bulk LPG fell by 26 cents from $3.28 to $3.02 and auto gas by 18 cents from $2.29 to $2.11.

The reductions were described as great news for Fijian consumers by Attorney-General and Minister for Industry and Trade Aiyaz Sayed-Khaiyum.

"After a period in which most prices have trended upwards, it's wonderful to see these reductions across the board," he said in a statement.

Mr Sayed-Khaiyum said every sector of the Fijian economy stood to benefit.

"Whether you're an ordinary motorist, a transport operator dependent on diesel, someone living in a maritime community and dependent on pre-mix, or a householder dependent on LPG, everyone stands to gain and will have more money in their pockets.

"As everyone knows, we are a price taker in Fiji and have no control over what happens in the international marketplace. But it's extremely gratifying when price pressures are downward and every Fijian can reap the benefit."








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.62690.6079
JPY 56.678953.6789
GBP 0.38330.3753
EUR 0.43020.4182
NZD 0.68260.6496
AUD 0.63470.6097
USD 0.50290.4859

from

$0.00

Exchange Rate updated on 26th, July, 2017

Today's Most Read Stories

  1. Touched by Times' story, anonymous donor helps student
  2. $300m query
  3. Missing certificates
  4. Wife strives for success
  5. Man loses legs at jetty
  6. Sea flows into farms
  7. 7s rep Kunavula in top form, helps Tovolea to victory
  8. Police outreach over sex crimes menace
  9. Battle heats up
  10. $1.2m rescue boats

Top Stories this Week

  1. Journals from the UK Friday (21 Jul)
  2. Mother and children perish in fire Thursday (20 Jul)
  3. Space to share Thursday (20 Jul)
  4. Baber hunts for speedsters Friday (21 Jul)
  5. How the first Tui Cakau was named Monday (24 Jul)
  6. 'The Providers' Tuesday (25 Jul)
  7. The killer caught Tuesday (25 Jul)
  8. Tearful farewell Friday (21 Jul)
  9. Yuri's love for Fiji Friday (21 Jul)
  10. Police detain chief Sunday (23 Jul)