The Fijian Competition and Consumer Commission has announced new fuel and LPG prices for September 2024, which will take effect from September 1. The revised prices are as follows:
– Motor Spirit: $2.90 (an increase of $0.03 or 1.05%)
– Premix: $2.72 (an increase of $0.01 or 0.37%)
– Kerosene: $1.93 (a decrease of $0.02 or 1.03%)
– Diesel: $2.50 (a decrease of $0.02 or 0.79%)
In addition, the LPG prices have also been adjusted:
– 4.5 Kg Cylinder: $14.86 (an increase of $0.13 or 0.88%)
– 12 Kg Cylinder: $39.63 (an increase of $0.35 or 0.89%)
– Bulk LPG: $3.06/kg (an increase of $0.03 or 0.99%)
– Autogas: $2.15/litre (an increase of $0.03 or 1.42%)
These adjustments are influenced by various factors, including international refined fuel prices, freight rates, and currency exchange movements based on imports from July 2024. The increases in motor spirit and premix costs, along with the declines in kerosene and diesel, stem from changes in international pricing and exchange rates. The hike in LPG prices is primarily due to stable butane contract prices, increased freight costs, and a stronger US dollar against the Fijian dollar.
The FCCC will oversee compliance with these pricing changes through inspections and encourages consumers to report any unfair practices.