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FIJI NEWS
October 09, 2012 12:00:00 AM
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 A significant reduction will be seen in the prices of LPG products from October 12 as Fiji's Commerce Commission today announced the new prices.

Commerce Commission Chairperson, Mahendra Reddy said that the government is doing all it can to promote LPG use in the transportation sector and there are other industries which also use LPG in the production process.

“Reduction in prices will imply reduction in fuel imports, a cleaner environment, and savings on household expenditure as well,” Dr Reddy said.

Due to a decrease in the Saudi Arabia wholesale price, there is a further significant reduction in LPG prices in all markets.

However, the Fijian market prices are as follows:

A 4.5kg cylinder which was $16.99 will now be $15.12, a 12kg house-hold cylinder that was $45.31 will now be $40.32, bulk gas (kg) is now reduced from $3.03 to $2.69 and auto gas for vehicles (litre) is now reduced from $1.98 to $1.85.

Meanwhile, due to reduction in steel billet prices the prices for both the grade 300 and 500 steel prices have decreased by 4.82% boosting Fiji’s infrastructure industry.

By Indrani Krishna
 

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