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
 

YOU'RE MINE


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!
   





Should all voter education materials be sanctioned?
 Yes
 No


Poll Results: Current | Previous

Should all voter education materials be sanctioned?
Yes
 81%
No
 19%



More Polls
Press Esc to close this window
BUSINESS
Sigatoka resort to close for renovationYatule Beach Resort along the Coral Coast will be closed from next week for renovations as its management seeks to increase the resort's profitability.
SPORTS
2800+ athletes confirmed for GamesMore than 2800 athletes will be part of this year's Coca Cola Games which by far is the biggest in the history of the secondary schools athletics finals.
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.
ENTERTAINMENT
Iggy Azalea’s debut album out April 25Australian rap siren Iggy Azalea’s debut album, The New Classic, featuring Change Your Life, Work and new top 10 single Fancy as well as collaborations with Charli XCX, Rita Ora and TI, is out on April 25.
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