Fiji Time: 7:08 PM on Monday 19 March

Fiji Times Logo

/ Front page / Archives » Article Index

Fuel prices drop

Dawn Gibson
Wednesday, January 14, 2015

FUEL prices have again been reduced following a review by the Fiji Commerce Commission.

This was confirmed yesterday by Minister for Industry, Trade and Tourism Faiyaz Koya who released a statement noting that the new fuel prices would officially come into effect tomorrow, January 15.

"As the international oil crude prices reduce, the Fijian Government is ensuring that the Fijian consumers are able to immediately benefit from the reduction and this was enabled by the flexible price determination mechanism put in place by the Government," the statement read.

"This allows for review of prices at the end of each quarter or sooner if the price change surpasses the trigger levels."

Diesel is reduced by seven cents from $2.08 to $2.01, motor spirit is reduced by six cents from $2.37 to $2.31, premix is reduced by six cents from $2.24 to $2.18 and kerosene is reduced by five cents from $1.63 to $1.58.

The new prices will mean that a 4.5kg gas cylinder is reduced by 15cents from $15.48 to $15.33 and the 12kg cylinder is reduced by 41 cents from $41.28 to $40.87.

Bulk LPG is reduced by three cents from $2.77 to $2.74 and auto gas has also been reduced by three cents from$1.96 to $1.93.

"We have to realise that Fiji is a price taker and we have no control over what happens in the international marketplace," the statement read.

The Fiji Fuel Retailers Association said it was hopeful of improved percentage margins amid fuel price reductions.

Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Code Inward TTs Outward TTs
CAD 0.65010.6311
JPY 53.241250.2412
GBP 0.35510.3471
EUR 0.40440.3924
NZD 0.69430.6613
AUD 0.64630.6213
USD 0.49840.4814



Exchange Rate updated on 19th, March, 2018

Today's Most Read Stories

  1. No desk for this girl
  2. Police appeal to livestock owners
  3. 'Teach sons respect'
  4. Ammunition case transferred to high court
  5. Online safety
  6. Saneem clarifies counting process
  7. Staff retention bid
  8. Teachers told to keep abreast of change
  9. Tuvalu here to learn 7s
  10. Taps run dry after water main bursts

Top Stories this Week

  1. Sims' 100th game Thursday (15 Mar)
  2. Men urged to marry Thursday (15 Mar)
  3. Picking up the pieces Tuesday (13 Mar)
  4. 'Forced to go' Saturday (17 Mar)
  5. Where are our horses Sunday (18 Mar)
  6. Baravilala's ode to Cessna victims Thursday (15 Mar)
  7. A star in the making Thursday (15 Mar)
  8. Doctors speak out Sunday (18 Mar)
  9. 7s hunt Tuesday (13 Mar)
  10. Golden chance Tuesday (13 Mar)