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Cheaper fuel prices for May-June [1]

Nuku'alofa, Tonga

Wednesday, May 15, 2013 - 16:47.  Updated on Monday, September 9, 2013 - 18:40.

The prices of Petrol, Kerosene and Diesel will drop from May 16 in Tonga, after the Government approved lower prices from mid-May to mid-June.

Retail and wholesale fuel prices both dropped significantly compared to the prices for April-May 2013. The retail price of petrol decreased by 15.37 seniti to $2.72 per litre, the price of Kerosene decreased by 11.93 seniti per litre to $2.14 per litre, and Diesel decreased by 11.40 seniti to $2.77 seniti per litre.

The positive figures were attributed to lower demands for oil internationally owing to plentiful supplies from refineries, according to the Ministry of Commerce, Tourism and Labour. “Lower crude demand is usual at this time of the year as refiners carry out maintenance.”

Freight rates have weakened and the Tongan Pa’anga appreciated against the US dollar contributing to the lower local prices.

petroleum prices [2]
Tonga Competent Authority [3]
Ministry of Commerce [4]
Tourism and Labour [5]
Energy [6]
Source URL:https://matangitonga.to/2013/05/15/cheaper-fuel-prices-may-june

Links
[1] https://matangitonga.to/2013/05/15/cheaper-fuel-prices-may-june [2] https://matangitonga.to/tag/petroleum-prices?page=1 [3] https://matangitonga.to/tag/tonga-competent-authority?page=1 [4] https://matangitonga.to/tag/ministry-commerce?page=1 [5] https://matangitonga.to/tag/tourism-and-labour?page=1 [6] https://matangitonga.to/topic/energy?page=1