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Home > Petrol prices decrease for July-August

Petrol prices decrease for July-August [1]

Nuku'alofa, Tonga

Tuesday, July 17, 2018 - 19:08

Petroleum prices in Tonga have decreased for July to August starting on Monday, July 16.

For Tongatapu, the retail price of petrol is now 283.63 seniti/litre, kerosene 209.74 seniti/litre and 289.41 seniti/litre for diesel.

Wholesale prices for petrol, kerosene and diesel also decreased by 6.81 seniti/litre, 5.49 seniti/litre and 4.87 seniti/litre also decreased respectively.

The Ministry of Commerce, Consumer, Trade, Innovation & Labour (MCCTIL) in announcing the new fuel costs said product prices generally fell more than crude due to plentiful supply, which reduced refining margins. 

Comparing the June 2018 month average prices with May, crude oil (Dated Brent) was down by USD 2.61/bbl (3.4%), petrol down by USD 3.79/bbl (4.4%) and diesel down by USD 2.64/bbl (2.9%).

In addition, the freight rate decreased and the Tongan Pa'anga was also steady, resulting in a decrease in product prices locally.

Tonga [2]
Petrol Prices [3]
kerosene [4]
diesel [5]
Tonga Competent Authority [6]
Ministry of Labour [7]
Energy [8]
Source URL:https://matangitonga.to/2018/07/17/petrol-prices-decrease-july-august

Links
[1] https://matangitonga.to/2018/07/17/petrol-prices-decrease-july-august [2] https://matangitonga.to/tag/tonga?page=1 [3] https://matangitonga.to/tag/petrol-prices?page=1 [4] https://matangitonga.to/tag/kerosene?page=1 [5] https://matangitonga.to/tag/diesel?page=1 [6] https://matangitonga.to/tag/tonga-competent-authority?page=1 [7] https://matangitonga.to/tag/ministry-labour?page=1 [8] https://matangitonga.to/topic/energy?page=1