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Fuel Prices to Increase

Fuel prices in the country will increase in the month of March.

Watchdog, the Independent Consumer and Competition Commission (ICCC), says this is due to the continued increase in world oil prices.

Diesel users will be pushed to pay more, as diesel will experience the biggest variation among the three fuels.

Petrol will increase by K1.45 per litre, Diesel by  K3.25 more, and kerosene hikes to, K2.12 per litre.

For centers outside Port Moresby, retail prices will vary depending on domestic sea and road freight, meaning fuel users will have to dig further into their pockets and pay.

Part of its enforcement and compliance role, ICCC will conduct inspections at all retail service stations starting today.

ICCC has also warned refueling stations not to exceed the approved maximum prices.

Some car owners in Port Moresby told EMTV, many will be affected especially PMV operators. Many called on the Government to help find solutions in helping maintain an affordable price for all who use fuel.

The new prices will take effect today.


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