PNG is a price-taker in the market and any changes to the global crude oil price directly affect the prices of fuel in PNG.
ICCC chief executive officer, Paulus Ain in a press conference held today to clear the air amid concerns raised pertaining to the increase of fuel prices in the country.
Mr Ain clarified the processes involved in the trading of fuel globally and how it affects fuel prices back home.
He said the fuel price fluctuates because of the inconsistency of the global crude oil prices.