The Minister for Industry, Trade, Tourism, Lands and Mineral Resources Honourable Faiyaz Siddiq Koya today announced new prices of Unleaded Petrol, Premix, Kerosene, Diesel and LPG products, based on the latest review of prices by the Fijian Competition & Consumer Commission (FCCC).
There is a decrease in price for LPG products, Motor Spirit and Kerosene while Diesel and Premix will slightly increase for the 4th quarter 2017 review.
The changes in prices are attributed to the following changes:
(i) The strengthening of the Fijian currency against the US dollar offsetting increases against international prices;
(ii) Increase in international prices of Diesel and Premix affected by supply disruptions due to damaged diesel refinery infrastructure caused by Hurricane Harvey and an increase in global demand for Diesel and input products for Premix;
(iii) Increase in international freight tanker rates for petroleum products.