New prices in effect: Motorists to pay extra at the pump
1 July, 2022, 10:10 am
Motorists will have to fork out more at the pump as of today.
The Fijian Competition and Consumer Commission (FCCC) announced a massive increase in motor spirits up by 36 cents per litre from $3.08 to $3.44.
Premix is up 34 cents a litre from $2.90 to $3.24, kerosene goes up to $2.50 per litre from $2.34 and diesel is now $3.14 per litre, an increase of 11 cents from the $3.03 previously.
There is some relief for those who use gas, a 4.5kg cylinder of LPG is now $16.71, a reduction from $17.74, a 12kg cylinder will cost $44.56 – down from $47.32, while bulk gas will drop to $3.44 from $3.65 and auto gas will cost $2.30 from $2.45 previously.
In a statement, the FCCC said the fuel price review in Fiji followed a one-month lag period, as such the prices were based on imports made in May by fuel companies.
“The changes in fuel prices for July are due to unfavourable movements in international market prices for motor spirit, premix, diesel and kerosene,” said FCCC.
“Furthermore, an unfavourable movement was also noted in international freight rates for all refined fuel products and the US dollar strengthened against the Fijian dollar on all refined fuel products based on May 2022 imports.
“Worries about further supply squeezing as the European Union banned Russian oil products imports added concerns about the potential for further tightening of middle distillate market fundamentals.”