Petroleum prices increase [1]
Tuesday, January 16, 2018 - 20:04
Petroleum prices for Tonga have increased starting today Tuesday, January 16 until February.
Wholesale prices rose for petrol by 0.32 seniti per litre, diesel 3.69 seniti and 2.42 for kerosene.
For retail, petrol increased by 0.32 seniti per litre to 268.18, diesel by 3.69 to 268.29 and a 2.59 increase to 188.08 for kerosene, including consumption tax.
Tonga's Competent Authority stated crude oil prices (Dated Brent) had continued to increase in December breaking through USD65/bbl.
However, part of this increase was due to a localized UK disruption (pipeline system shutdown) rather than market fundamentals.