17 Jan 2011

Fuel prices rise in Fiji

11:20 am on 17 January 2011

Consumers in Fiji have to pay more for fuel from today after a sharp prices increase.

The cost of petrol has risen by 16 Fiji cents per litre, premix outboard fuel has gone up by 20 cents per litre and diesel is up by 12 cents per litre.

The interim Commerce Minister and Attorney General Aiyaz Sayed-Khaiyum says a shift in the world market price of fuel has had a direct impact.

"International world prices have gone up. There's a huge demand for oil in Europe and North America given the cold winter they've had. A lot of their energy generation and also heating is propelled by fossil fuel usage and obviously the demand has pushed the prices up."

Aiyaz Sayed-Khaiyum says Fiji has been implementing a number of initiatives under its renewable energy policy to help mitigate its dependency on fossil fuels and the costs associated with it.