The Fijian Competition and Consumer Commission has assured the public that the April 2026 fuel price determination was carried out in line with its established methodology and statutory role to regulate prices while ensuring the continued availability of essential goods.
FCCC said Fiji’s status as a small, import-dependent economy means local fuel prices are heavily influenced by international market forces, including global fuel prices and freight costs that are beyond the country’s control.
With only three fuel suppliers operating locally, the ability to negotiate alternative supply arrangements remains limited.
The Commission noted that the April 2026 review took place during a period of exceptional volatility in global fuel markets.
It observed that February stock was being depleted faster than usual, while replacement supplies were being secured at significantly higher costs.
To better capture these conditions, FCCC extended its pricing reference window beyond the standard one-month period to include an additional 20 days.
This, it said, allowed for a more accurate reflection of market movements and replacement costs during a rapidly changing environment.
FCCC emphasized that the adjustment remained consistent with its pricing framework and was necessary to maintain accuracy, stability, and fairness in fuel pricing outcomes.
The Commission also clarified that the price changes do not translate to increased profits for oil companies, as fuel margins in Fiji are regulated.
Instead, the adjustments reflect the real cost of importing fuel under current global conditions.
Since the onset of conflict in the Gulf region earlier this year, FCCC has been closely monitoring fuel and LPG markets, freight rates, foreign exchange pressures, and domestic stock levels, including daily tracking with suppliers.
It added that a balanced approach was taken in the April review, aiming to cushion the impact on consumers while ensuring a steady supply of fuel across the country.
FCCC reiterated its commitment to fair and transparent regulation and warned that any trader found overcharging, hoarding, or engaging in anti-competitive practices under the FCCC Act 2010 will face investigation and enforcement action.
