The Fijian Competition and Consumer Commission (FCCC) has reviewed the prices for bus fares and some wheat products namely flour, bread, and biscuit.
FCCC chief executive officer Joel Abraham said for bus fares, they have taken into consideration all necessary historical data, changes in input costs such as fuel prices, tyres, consumables, spare parts, and we have approved an increase of 36.30 per cent for all the stages.
He said an increase in the maximum bus fare 36.3 per cent in all stages has been quantitatively deemed necessary for the sustainability of the Fijian bus industry.
And to put the price changes into perspective, the stage one fares increase from $0.75 to $1.02, stage two fares from $1.18 to $1.61, and so on.
“The changes in input costs of fuel, tyres, spare parts etc were determined to be a direct result of global disruptions to both our purchase prices as well as international shipping freight charges,” he said.
For Flour, Mr Abraham said FCCC undertook a thorough review of the cost components, and has approved an increase of eight to nine per cent depending on the individual flour products.
“For example, normal flour 10kg pack factory wholesale price increases from $14.57 to $16.30.
He said this would result in retail price changes from $15.68 to $16.95.
Following a review of flour prices and submissions by the manufacturers, Mr Abraham said FCCC has approved the following changes in the prices of bread and biscuit;
- Breakfast crackers – FMF Brand 375g pkt price increases from $1.70 from $2
- Breakfast crackers – FMF Brand 5kg plastic pail price increases from $28.41 to $32.14
- Breakfast crackers – FMF Brand 2kg plastic pail price increases from $12.36 to $13.89
- Long loaf price increases from $0.71 to $0.94
- Medium white (600 grams sliced) from $1 to $1.54
- Medium wholemeal (600 grams sliced) from $1.14 to $1.63.
The prices come into effect from Friday next week (May 13).
