The Fijian Competition and Consumer Commission has announced the new fuel and LPG prices for September 2024, effective 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 terms of LPG prices, there are also adjustments:
– 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 factors such as international refined fuel prices, freight costs, and changes in exchange rates based on imports from July 2024. Specifically, the increases in motor spirit and premix prices, along with decreases in kerosene and diesel prices, are linked to variations in international pricing and currency exchange rates. The rise in LPG prices is due to stable butane contract prices, increased freight costs, and a stronger US dollar against the Fijian dollar.
The FCCC will carry out inspections to ensure compliance with these prices and encourages consumers to report any unfair practices.