Business
New fuel and LPG prices effective today
The price of motor spirit will decrease by four cents from $2.91 to retail at $2.87 per litre, while premix will decrease by three cents a litre to sell at $2.71.
The price of kerosene will increase by four cents and retail at $1.95 while diesel price will increase by two cents to cost $2.52 per litre.
The price of motor spirit and premix is based on the same international refined price and international freight benchmarks.
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Fijian Competition and Consumer Commission’s independent analysis reveals that the prices of these two commodities decreased due to favourable movement in the international refined fuel price of motor spirit.
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The price for kerosene and diesel increased due to unfavourable movement in the international refined fuel price of kerosene and diesel, that is, the cost price of refined kerosene and diesel increased compared to last month’s review.
The prices of LPG products will decline across the board.
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A 4.5 kg cylinder will retail at $14.73 a decrease of 32 cents, while a 12 kg cylinder will cost $39.28 – a decline of 84 cents.
Bulk gas will cost $3.03 a decrease of seven cents while Autogas will retail at $2.12, a decrease of five cents.
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The FCCC says the price change factors for LPG products are that the Butane Contract Price decreased, the average international freight decreased and the exchange rate slightly weakened against the USD dollar when compared to the last review.
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