Apr 24, 2019 Last Updated 10:14 AM, Apr 24, 2019

Fuel prices stay high in Vanuatu

  • Feb 18, 2015
  • By  Tony Wilson
Top up time ... pumping petrol at a fuel station in Port Vila. Top up time ... pumping petrol at a fuel station in Port Vila. Photo: Tony Wllson.
Published in 2015 February
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THERE is growing anger in Vanuatu as fuel prices remain high while dropping elsewhere in the Pacific.
World fuel prices have dropped 50 per cent since January 2014 and crude oil is currently around US$50 a barrel compared to US$117 in 2007.
In Australia, fuel prices have dropped from around $1.50 a litre to as low as 99 cents – which has not been seen for years - and New Zealand has already had seven price drops so far this year. Fuel in Auckland is around $1.73 per litre.
Fiji had its first price fall on January 15 – with prices down five to seven cents a litre.
In Vanuatu it was still 174 vatu per litre at the end of January with a small drop of around eight vatu on February 1. (174 vatu equates to AU$2.02, NZ$2.13 and FJ$3.30.)
Prominent Opposition MP Robert Bohn said there should have been a price decrease in Vanuatu before February 1.

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By Tony Wilson

Last modified on Tuesday, 21 July 2015 19:52
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