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Petrol prices increase in New Year [1]

Nuku'alofa, Tonga

Tuesday, January 19, 2021 - 18:06

The petroleum prices for January-February continue to increase effective January 18, as approved Tonga's Competent Authority.

The wholesale price increased by 11.68, 14.48 and 13.88 seniti/litre for petrol, kerosene and diesel respectively. 

While, the retail prices for petrol, kerosene, and diesel on Tongatapu is at 254.21, 156.97 and 255.27 seniti/litre respectively.

Tonga's Competent Authority stated that crude oil prices had continued tracking upward in December last year.

Comparing the December average prices with November:

  • Crude oil (Dated Brent) was up by USD 6.27/bbl (14.3%); 

  • Petrol was up by USD 6.74/bbl (14.4%); 

  • Kerosene was up by USD 8.22/bbl (18%);
  • Diesel was up by USD 7.87/bbl (16.6%). 


The freight rate also increased by 14.4%, while the Tongan Pa’anga remained the stable. 

These combined factors resulted in the increase in the local retail prices for all products. 


Tonga [2]
Petrol [3]
petroleum prices [4]
kerosene [5]
diesel [6]
Energy [7]

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Source URL:https://matangitonga.to/2021/01/19/petrol-prices-increase-new-year

Links
[1] https://matangitonga.to/2021/01/19/petrol-prices-increase-new-year [2] https://matangitonga.to/tag/tonga?page=1 [3] https://matangitonga.to/tag/petrol?page=1 [4] https://matangitonga.to/tag/petroleum-prices?page=1 [5] https://matangitonga.to/tag/kerosene?page=1 [6] https://matangitonga.to/tag/diesel?page=1 [7] https://matangitonga.to/topic/energy?page=1