The Fijian Competition and Consumer Commission (FCCC) has announced a significant rise in fuel prices, effective from March 1. The new pricing reflects a nine-cent increase in motor spirit, bringing the price from $2.69 to $2.78 per liter. Premix has also seen a rise from $2.53 to $2.59. Kerosene prices increased by seven cents, moving from $1.80 to $1.87 (not including VAT), while diesel experienced the steepest hike, climbing 12 cents from $2.33 to $2.45 per liter.
Amidst the rising fuel costs, there is positive news for consumers as prices for gas cylinders and auto gas have dropped. The cost of a 4.5 kg gas cylinder has decreased by 24 cents, now priced at $15.54, while a 12 kg cylinder has fallen by 65 cents to $41.44. Additionally, autogas is now available at $2.25 per liter.
The FCCC stated that it will continue its oversight by conducting inspections at wholesale and retail outlets, as well as service stations. This enforcement aims to ensure compliance with authorized fuel and LPG pricing throughout the market. In their official statement, the FCCC emphasized that the prices provided are maximum allowable prices, which means retailers can sell these products at or below the indicated prices.
In light of the fluctuating international fuel prices, these adjustments serve to reflect both local and global market conditions. Consumers may also find some relief in the decreases for LPG products as the FCCC remains vigilant in monitoring price compliance.
Overall, while the increase in fuel prices may be a concern for many, the drop in gas cylinder prices and ongoing regulatory efforts by the FCCC offer a balanced perspective during this period of adjustment.
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