The Fijian Competition and Consumer Commission says rising fuel prices across the Pacific are being driven by disruptions in major global oil transit routes and ongoing international market volatility.
In a statement, the FCCC said international oil prices had increased significantly, affecting fuel-importing countries throughout the region, including Fiji.
“Due to disruptions in one of the world’s most critical oil transit routes, international oil prices have increased significantly, affecting countries that import fuel throughout the region,” the FCCC said.
The Commission said the pressures were not unique to Fiji, with many Pacific Island nations experiencing similar increases in fuel prices due to higher shipping, freight and fuel-related costs.
According to regional comparisons released by the FCCC as at May 28, Fiji’s petrol price stood at $3.13 per litre, lower than New Zealand at $4.47 and Vanuatu at $4.14. Fiji’s diesel price was listed at $3.82 per litre, below Vanuatu’s $4.74 and Tonga’s $4.28.
“The comparison table highlights how fuel prices across the Pacific reflect the wider impact of ongoing global supply chain disruptions and international market volatility,” the FCCC said.
The Commission urged consumers and businesses to remain mindful of fuel and energy use as global conditions continue to evolve.
“Even small changes can contribute to long-term savings and efficiency,” the statement said.
