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FCCC to monitor fuel prices

14:29 Sun Jan 14, 2018


FBC News

Taken from/By: FBC News
Report by: Kelly Vacala

The Fijian Competition and Consumer Commission is now closely monitoring fuel prices around the country to ensure traders don’t engage in any unethical behaviors.
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Chief Executive, Joel Abraham, says they will ensure all fuel prices come into effect from midnight.

Abraham says in some incidents in the past, traders increased fuel prices before the expected time and this will not be tolerated.

“When there’s a price raise, traders would like to hoard so definitely they try and not sell when the prices are low. They want for the price change to happen so they can sell it at a higher price. This is a stern warning to those people who are wanting to engage in such behaviors don’t. Our team is already on the ground, they will be going out and looking at how people are actually trading. We know usually when there’s a price raise, people actually increase their demands so people think let’s go do full tanks, buy more kerosene, buy new cylinders of gas and I think its essential traders don’t engage in any unethical practices.”

Abraham adds as a global leader in the fight against climate change, Fijians should look at using renewable energy and also engage in activities such as walking, car pool or cycling.



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