petroleum prices

The Tonga Competent Authority announced the decrease in prices are effective from 18 January.

The wholesale price of petrol, kerosene and diesel decreased by 17.41 seniti/litre, 20.79 seniti/litre and 26.64 seniti/litre, respectively.

Consumers on Tongatapu are paying $3.35 per litre for petrol, a decrease from $3.52 per litre.

Kerosene decreased to $2.87 per litre and diesel to $3.76 per litre.

The COVID impact continues to affect the petroleum prices with the average monthly Dated Brent crude oil drop in mid-March to mid-April at USD 20.87 bbl then increasing to USD41.52 (Oct 2020 average), USD 65.70 (March 2021 average) and with the July 2021 average up to USD 74.29 bbl.

The Government as a result, has made efforts to help hold down the continuous increase through a 5 seniti subsidy on the May- June petroleum pricing and a further reduction in excise duty of 10 seniti in the July – August petroleum pricing.

According to the Ministry of Trade and Economic Development, Tonga Competent Authority approved the new prices.

The wholesale price will increase by 11.68, 14.48 and 13.88 seniti/litre for petrol, kerosene and diesel respectively.

All price changes include consumption tax.

The local retail prices have been impacted by an increase in the global prices with kerosene and diesel rising slightly more due to demand recovery in China/India.

Wholesale petrol, kerosene and diesel has increased by 8.92 seniti/litre, 6.37 seniti/litre, and 5.56 seniti/litre respectively.

The retail price in Tongatapu for petroleum increased by 8.92 seniti/litre, Kerosene by 6.48 seniti/litre and Diesel by 5.56 seniti/litre

All price changes include consumption tax and the new prices came into effect Wednesday, 16 October 2019.

Change of oil prices on the global market have had an impact on process in Tonga over the October-November period.

The new prices have been approved by the Tonga Competent Authority.

Wholesale petrol and kerosene will increase by 8.75 seniti/litre and 10.84 seniti/litre respectively, while diesel prices recorded the highest increase up by 11.98 seniti/litre.

The Ministry of Commerce, Consumer, Trade, Innovation & Labour says all price changes include consumption tax.

The new prices for January-February were announced by the Ministry of Commerce, Tourism & Labour today.