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August 31, 2024, 5:22 pm
Fiji News

FCCC announces new fuel and LPG prices

Fiji One News Team
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The Fijian Competition and Consumer Commission has set new fuel and LPG prices for September 2024, effective from September 1. The updated prices are:

  • Motor Spirit: $2.90 (up $0.03 or 1.05%)
  • Premix: $2.72 (up $0.01 or 0.37%)
  • Kerosene: $1.93 (down $0.02 or 1.03%)
  • Diesel: $2.50 (down $0.02 or 0.79%)

LPG prices have also changed:

  • 4.5 Kg Cylinder: $14.86 (up $0.13 or 0.88%)
  • 12 Kg Cylinder: $39.63 (up $0.35 or 0.89%)
  • Bulk LPG: $3.06/kg (up $0.03 or 0.99%)
  • Autogas: $2.15/litre (up $0.03 or 1.42%)

These changes reflect factors such as international refined fuel prices, freight rates and exchange rate movements based on July 2024 imports.

Specifically, increased costs in motor spirit and premix and decreased costs in kerosene and diesel, are due to shifts in international prices and currency exchange rates. LPG price increases are attributed to constant butane contract prices, higher freight costs and a stronger USD against the FJD.

FCCC will monitor compliance with these prices through inspections and encourages consumers to report unfair practices.