27 Jun 2002

Cooks fuel price goes down

2:46 pm on 27 June 2002

The price of fuel is to go down in the Cook Islands, just three weeks after a large increase that saw the government establish a special committee to examine the pricing structure.

The Fuel Pricing Review Committee, along with the Forum Secretariat petroleum advisor, has recommended that interim prices be based on the February price order in the Cook Islands.

Retail customers will now pay 69 US cents a litre of petrol, down from 79 cents.

Diesel will cost 65 cents down from 68.

The Review Committe and the Forum-Secretariat advisor will hold further negotiations with suppliers next month.