Petrol, diesel see slight increase for April
BY JOHN HOUANIHAU
Fuel prices have increased, as the anticipated impacts of the war in the Middle East slowly arrive on our shores.
In Honiara, the increase in fuel prices is in cents. But it could result in larger increases down the line in fuel retailers throughout the provinces and rural areas.
One major re-fuelling station in Honiara saw price for its petrol increase by 15 cents, from $8.86 per litre in March to $9.01 per litre in April.
For diesel, it went up by 38 cents – from $9.43 per litre in March to $9.81 in April.
Official figures released by the South Pacific Oil Limited yesterday (SPO) show increases across petrol, diesel, and kerosene, affecting both wholesale and retail markets.
In March, petrol sold at SBD 8.8644 per litre, diesel at SBD 9.4331, and kerosene at SBD 9.9111 according to the figures released on March last month.
Bulk wholesale prices were set at SBD 8.1144 for petrol, SBD 8.6831 for diesoline, and SBD 8.2593 for kerosene.
These rates provided some stability for consumers and businesses, though global market pressures were already evident due to middle east crises.
However, prices edged upward yesterday April 1st, with Petrol now sold at SBD 9.0149 per litre, diesel at SBD 9.8100, and kerosene at SBD 10.2269.
The recently released figures shows that bulk prices also rose, with petrol at SBD 8.2649, diesoline at SBD 9.0600, and kerosene at SBD 8.5225.
The drum refill policy remains unchanged, charging SBD 800 per drum and crediting SBD 750 upon return in good condition.
The upward trend signals potential challenges for households and businesses, with kerosene showing the sharpest rise.
Photo: Supplied
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