The Hon. Prime Minister and Acting Minister of Finance, Hon. Fiame Naomi Mataafa, has advised that the following changes in the Retail Petroleum Products Prices will apply from 1st May, 2023.
Petrol will increase by 1.4 sene per litre from $3.26 to $3.27 per litre, Diesel will decrease by 25.9
sene per litre from $3.56 to $3.30 per litre and Kerosene will decrease by 27.5 sene per litre from $3.20 to $2.93 per litre.
Concerns regarding the weakening world economy are particularly impacting Diesel and Kerosene prices, OPEC announcements regarding production cuts add to the concerns albeit in this case making forwarded pricing higher.