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New LPG Prices for September - December 2018

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19th September 2019 The Ministry of Commerce, Consumer, Trade, Innovation & Labour wishes to advise that the Tonga Competent Authority (TCA) has approved the new LPG prices for September - December 2018 to be effective from Tuesday, 18th September 2018.

Saudi CP Butane prices rose in the third quarter by USD95/tonne supported by increased volumes from the Middle East, as Chinese buyers have reduced their imports of US LPG in anticipation of tariffs (part of trade dispute).

Overall, the quarterly average butane price was up to USD 575/tonne, 19.8% higher than the previous quarter's average. While crude oil prices were steady with downward pressure in the third quarter, LPG prices have increased closing the price gap.

While the Saudi CP LPG prices have increased, the Tonga Pa'anga has continued to weaken, further increasing LPG prices locally. Therefore, overall this quarter LPG Tongatapu will increase by TOP 0.23/kg and while Vava'u will increase by TOP 0.15/kg.

The table below shows the new LPG prices for Tongatapu and Vava’u. All prices includes consumption tax.

 

Tongatapu

Vava’u

LPG Wholesale Price

$3.73/kg

$3.82/kg

LPG Retail Price

$4.31/kg

$4.39/kg

 

For further information please contact the Ministry of Commerce, Consumer, Trade, Innovation & Labour on telephone 7400105 or 7710092

Ministry of Commerce, Consumer, Trade, Innovation & Labour 18th September 2018

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