Fuel Prices Drop

Fuel Prices Drop

The Independent Consumer and Competition Commission (ICCC) announced the new retail fuel prices for this month, which took effect yesterday, 8th December 2021.                     
 
For this month, the IRPs for petrol, diesel and kerosene will all decrease on average, throughout PNG. These retail price decreases were mainly attributed to decreases in the Import Parity Prices (IPP), as the first case of the Omicron variant was confirmed in the United States of America (USA), restricting travel and causing world oil prices to decrease.