The Pacific Power Association and the Pacific Islands Forum Secretariat are planning a joint-fuel buying initiative for small companies across the region to lower their fuel costs.
It is estimated that fuel costs eat up 70 to 75 percent of companies' operating budgets.
The PPA executive director, Tony Neil, says companies would save money by buying fuel together in larger quantities.
Mr Neil says a new partnership with the Australian-based Macquarie Bank will produce a fuel plan based on actual consumption that will be presented to forum leaders at next year's meeting.
He hopes the idea will gain wide support.