Petrol price increases [1]
Tuesday, July 27, 2021 - 18:04. Updated on Wednesday, July 28, 2021 - 11:53.
In Tonga the wholesale price for petrol and kerosene increased, while diesel decreased, effective on July 26.
Tonga’s Competent Authority approved th prices to run until mid-August.
For petrol, wholesale price increased by 0.19 seniti/litre and kerosene increase by 3.95 seniti/litre. Whereas, diesel decreased by 0.01 seniti/litre.
Meanwhile, the new retail price for petrol is 288.92 seniti per litre, kerosene 194.36 seniti per litre and diesel 280.62 seniti per litre for Tongatapu.
All price changes include consumption tax.
Government formalized the tax reduction by increasing the tax cut from 5 seniti to 10 seniti of the applied excise duty, without any change to the applied consumption tax, said TCA.