Retail petroleum products prices increases for March


The Acting Minister of Finance, Leota Laki Lamositele Sio has confirmed the increases of retail petroleum products prices that will be applicable for the month of March. 

Petrol will increase from $3.03 to $3.26 per litre, Diesel will increase from $3.52 to $3.56 per litre and Kerosene will increase from $3.11 to $3.20 per litre.

In a press statement released, Leota pointed out that the international crude and product market continues to be influenced by external political and supply factors. 

“After a significant fall in prices in December, Petrol Prices increased sharply in January, Diesel and Kerosene prices have remained relatively stable.

“A significant reduction in freight rates and a strengthening of the Tala vis the US$ had a favourable impact on landed costs.”