Retail price for all products for September-October 2012 have significantly increased compared to the price for August-September 2012. The retail prices for September-October 2012 for Petrol have increased by 16.73 seniti per litre to $2.87 seniti per litre (equivalent to 6.2% increase) followed by Diesel by 15.54 seniti per litre to $2.94 seniti per litre (equivalent to 5.6% increase) and Kerosene increased by 15.11 seniti per litre to $2.31 seniti per litre (equivalent to 6.9% increase). All changes including consumption tax.
Petroleum price for September-October 2012 is mainly determined by the movement of FOB prices in the Singapore market based on August 2012 average price of the daily published Means of Platt's Singapore (MOPS) benchmark prices. Recommended wholesale prices have been calculated using the Tonga Fuel Price Template (TFPT) agreed and issued during the 2011 Annual Price Review.
Issued by the: Ministry of Commerce, Tourism and Labour, Nuku'alofa, 2012.