The Fiji Ports Terminal Limited (FPTL) has formally applied to the Fijian Competition and Consumer Commission (FCCC) for a review of its existing tariff structure, citing rising operational costs driven by volatility in global fuel markets.
In a statement, FCCC confirmed it had received the submission and is currently assessing the request. It stressed that no decision has been made at this stage.
According to the Commission, FPTL’s submission indicates that escalating fuel prices have significantly increased operating costs to a level that can no longer be absorbed within the company’s current budget.
As a result, the port operator is seeking consideration for an adjustment to its regulated tariff structure.
FCCC said the Commission recognises the critical role Fiji Ports Terminal Limited plays in the country’s economy and supply chain network.
“FCCC acknowledges the importance of Fiji Ports Terminal Limited within Fiji’s supply chain and broader economy, particularly given its role in facilitating the movement of imports and exports through the country’s maritime gateway.”
The Commission would conduct its assessment as quickly as possible while ensuring all relevant information is thoroughly examined.
“Given the ongoing volatility in global fuel markets, FCCC intends to undertake the assessment in a timely manner while ensuring that all relevant data, stakeholder views and broader market implications are carefully considered.”
Cnsultations would be held with key industry groups, government agencies and consumer representatives before any determination is made.
The Commission noted that any increase in port charges could have wider implications for businesses and consumers because the majority of Fiji’s imports pass through the country’s ports.
FCCC said its review will examine the justification provided by FPTL, the impact on regulated operations and the broader consequences for consumers and businesses.
The Commission assured the public that any eventual decision would be based on evidence and data, in line with its statutory responsibility to promote fair outcomes for consumers, businesses and the wider Fijian economy.
