The prices of unleaded fuel, diesel, and premix have experienced a decline as of today. Beginning on the first of the month, the price of kerosene has been reduced from $1.79 to $1.67 per litre. Unleaded fuel has dropped from $2.73 to $2.62 per litre, while diesel will now be priced at $2.18 per litre. Additionally, premix fuel will see a decrease from $2.55 to $2.43 per litre.
Conversely, the cost of gas cylinders has increased, with a 4.5 kg cylinder rising from $14.80 to $14.97, and a 12 kg cylinder now priced at $39.91.
Joel Abraham, the CEO of the Fijian Competition and Consumer Commission (FCCC), emphasized that maintaining affordability for Fijian families is a key priority for their organization. He stated that this recent price adjustment demonstrates the FCCC’s commitment to protecting consumers from the effects of fluctuations in the global market.
Abraham acknowledged that rising costs can significantly affect everyday life, which is why the FCCC is dedicated to monitoring and implementing regulatory measures aimed at keeping essential commodities like fuel accessible, especially for the most vulnerable members of society. By stabilizing prices, the FCCC not only helps support household budgets but also reinforces its dedication to consumer rights and fair market practices.
This announcement brings a sense of relief to consumers, as lower fuel prices can provide a much-needed break for household expenses, ensuring basic necessities remain affordable and contributing positively to the overall economic environment.
In summary, while fuel prices are decreasing, the rise in gas cylinder costs serves as a reminder of ongoing market challenges. However, the FCCC’s efforts reflect a commitment to consumer welfare amid these fluctuations.
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