Petrol prices drop today

Petrol prices will drop from today after an announcement by the Prices and Incomes Board (PIB). The reduction in retail prices of petroleum products is reflective of the October/November 2005 world product market conditions, according to the PIB.

The reductions are as follows :

• Motor Spirit falls from F$1.83 per litre to F$1.65;
• Kerosene from F$1.65 per litre to F$1.18;
• Diesel from F$1.60 per litre to F$1.42;
• Premix Outboard fuel from F$1.78 per litre to F$1.58.

The Fiji Chamber of Commerce has welcomed the reductions which he said would ease business costs.