Strategy to manage growing uncertainty in global fuel markets

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Opposition MP Jone Usamate. Picture: FIJI PARLT

Even if Fiji’s fuel supply is currently stable, there needs to be a clear national strategy to manage growing uncertainty in global fuel markets.

Responding to growing public anxiety over rising fuel prices and “out of stock” signs appearing at several service stations around the country, Oppositon Whip Jone Usamate said Fiji currently had sufficient fuel supplies.

“The world is entering the most unpredictable fuel environment since 2007–2008, and Fiji must respond with clarity, not fear,” Mr Usamate said.

“Over the past week, global fuel markets have become extremely volatile due to rising tensions in major shipping routes. These developments are outside Fiji’s control, but they will influence international prices in the coming months.

“I want to reassure every Fijian that our country has sufficient fuel stocks right now. There is no shortage, and there is absolutely no need for a rush on the pumps.”

Mr Usamate said fuel importers in Fiji maintained several weeks of operational stock and that shipments to the country continued as scheduled.

However, he warned that panic buying could place unnecessary pressure on service stations and disrupt normal supply patterns.

“The most responsible thing we can do as a nation is to remain calm and allow the system to function as it is designed to.

“We have lived through this before. During the 2007–2008 global fuel crisis, Fiji acted early, communicated clearly, and put in place measures that helped cushion families and businesses from the worst of the global volatility.”

He said those lessons remained relevant today and should guide preparations moving forward.

He also pointed to emerging shifts in the global energy market, noting that more countries were beginning to settle fuel purchases using alternative currencies.

“Fiji must be ready to adapt so we are not caught off guard.

“This is not a time for alarm. It is a time for preparation, coordination, and steady leadership.

“Fiji has enough fuel. Our supply is stable.”

He added that while global events could not be predicted, Fiji could strengthen its readiness to respond.