The Minister of Finance, Hon. Mulipola Anarosa Ale Molio’o, has advised that the following changes in the Retail Petroleum Products Prices will apply from 1st August, 2023. 

All products recorded price decreases, Petrol will decrease by 6.8 sene per litre from $3.16 to $3.09 per litre, Diesel will decrease by 5.3 sene per litre from $3.16 to $3.10 per litre and Kerosene will decrease by 7.7 sene per litre from $2.79 to $2.71 per litre. 

The base cost for the August Retail Prices reflects a relatively stable international oil market. The current key drivers of the oil prices including the war in Ukraine, the global economic forecasts and OPEC’s control of the supply, somewhat balancing each other.