FIJI NEWS
October 09, 2012 12:00:00 AM
  Follow @ Twitter

Fiji's Commerce Commission today announced an increase in the price of  flour, kerosene and diesel.

Commission Chairperson, Dr Mahendra Reddy said the reason for the increase in flour prices was due to supply side constraints.

“The main supply side issue is the prolonged drought in USA and Australia which has restricted production and supply of heat and thus created avenue for increase in price,” Dr Reddy said.

The prices began rising since June this year and the price changes at wholesale are as follows:

The price of Bakers flour has increased by 7%, normal flour has increased by 3%, Sharps have increased by 5% and normal wholemeal flour has also increased by 5%.

Meanwhile, a few changes have been noted in petroleum products as there is no change in the price of motor spirit while there is a reduction in the price of premix.

Kerosene and diesel prices on the otherhand have increased.

“The crude oil prices in general started to decline most of the quarter but increased in the last part of the quarter,” Dr Reddy added.

He also said that the weakening of the Fijian dollar has not helped Fiji either.

Kerosene price has increased by 3 cents and diesel has increased by 7cents however premix prices have fallen due to sluggish demand as well as new refinery into the market so the prices have fallen by 4 cents.

The new prices will come into effect this Friday.

By Indrani Krishna
 

Wiggle


PREVIOUS STORY
New resident magistrate sworn in
NEXT STORY
Obama congratulates Fiji on its Independence

Post a Comment
Bookmark and Share

 


Posted Comments
No comments, but you can post the first comment!
   





Are you satisfied with the outcome of the 2014 General Elections?
 Yes
 No


Poll Results: Current | Previous

Are you satisfied with the outcome of the 2014 General Elections?
Yes
 80%
No
 20%



More Polls
Press Esc to close this window
BUSINESS
Stakeholders await Fiji tourism visionThe head of the regional tourism organisation says Fiji's tourism stakeholders are anxiously awaiting to hear the newly elected Fiji Government's vision for tourism in the next four years.
SPORTS
Go one step higher, President tells 7s repsFiji's President Ratu Epeli Nailatikau today reminded members of the Vodafone Fiji 7s team and Telecom Fijiana team of the nation's expectations and urged the players to go a step higher.
WORLD
'Green'-tinted SUVs at Seoul Motor ShowGas-guzzling SUVs, eco-friendly electric cars and the odd brave attempt to marry the selling points of both are taking centre stage at the biennial Seoul Motor Show.
TECHNOLOGY
Vodafone Fiji, Tonga telco in allianceVodafone Fiji and Tonga Communications Corporation today signed a strategic partnership alliance that will allow the Tongan company to leverage off the experience of their Fijian counterparts.
ENTERTAINMENT
Rock Or Bust is AC DC's new albumAC DC has announced the release of Rock Or Bust, the band’s first studio album in six years.
HEALTH/FITNESS
Clean-up day to curb dengue outbreakFiji's Ministry of Health has declared a clean-up day next Thursday for residents in the central division as it ups the tempo against a dengue fever outbreak currently experienced in the country.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS