The Fijian Competition and Consumer Commission (FCCC) has announced new regulated prices for various fuel products, including Unleaded Petrol (Motor Spirit), Premix, Kerosene, Diesel, and LPG, which will take effect on January 1, 2025. These rates are based on the fuel imports conducted by companies in November 2024, incorporating a one-month review delay.
The FCCC’s analysis revealed that the prices for Motor Spirit and Premix will remain stable, mostly due to favorable shifts in international fuel prices and freight costs, despite the strengthening of the US dollar. Conversely, consumers will see an increase in the prices of Kerosene and Diesel due to heightened international fuel costs along with the stronger dollar. Additionally, LPG prices are expected to rise, driven by higher Butane Contract Prices and increased demand in global markets.
To ensure adherence to the new pricing, the FCCC has stated that its Enforcement Team will monitor compliance across both wholesale and retail sectors. Consumers have been urged to report any inconsistencies in pricing, as FCCC personnel are available in various regions to facilitate this oversight.
As consumers prepare for these changes, they are advised to stay informed through updates from local fuel outlets.
This development highlights the importance of regulatory bodies like the FCCC in maintaining market stability and consumer protection, ensuring that pricing reflects global market conditions while keeping citizens informed.
Summary: The FCCC will implement new fuel prices in Fiji on January 1, 2025, with some prices remaining stable while others, particularly Kerosene, Diesel, and LPG, will increase due to prevailing international market factors. Compliance will be monitored, and consumers are encouraged to report discrepancies.
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