Gas price drops in Tongatapu and Vava’u [1]
Wednesday, December 16, 2015 - 13:10. Updated on Wednesday, December 16, 2015 - 13:37.
The wholesale and retail prices for Liquefied Petroleum Gas in Tongatapu and Vava’u have dropped today, Wednesday 16 December.
The new prices for December 2015 to March 2016, for Tongatapu, the retail price for LP gas including consumption tax decreased by 0.05 seniti to a new price of $3.72 per kilogram.
For Vava’u, it decreased by 0.06 seniti to a new price of $3.82 per kilogram.
The Competent Authority stated the fourth quarter price change this year is based on the published monthly Saudi Contract Price (Saudi CP) for the LPG cargoes discharged in September, October and November.
Vava’u had received only one cargo in the review period in October, as the result the Vava’u price is determined using the October Saudi CP.
Three LPG cargoes were received in Tongatapu with one each in September, October and November with the October cargo also discharging Vava’u.
The average delivery parcel in the fourth quarter was 105 tonnes and 34 tonnes for Tongatapu and Vava’u.
“Based on the delivery volumes, the LPG demand in Tonga (Tongatapu and Vava’u combined discharge) has reduced compared with the third quarter as the peak tourism ended.
On the outlook, LPG prices are expected to further reduce with weak demand and plentiful supply."