Bus fare, wheat products, import and export cost to increase – FCCC
FCCC preparing for monthly increase in fuel

Bus fare, wheat products, import and export cost to increase – FCCC

FCCC preparing for monthly increase in fuel

By Navitalai Naivalurua
Monday 02/05/2022
FCCC CEO Joel Abraham

Be prepared as the Fijian Competition and Consumer Commission have highlighted that they are preparing for monthly increases in fuel prices, which will drive up the prices of other products.

CEO Joel Abraham says FCCC is bracing for unprecedented price hikes in fuel and other important commodities for the foreseeable future and this is directly driven by the Russia-Ukraine War.

He says this will also lead to disruptions to the global shipping freight rate, and ongoing domestic policies in our import markets.

Abraham says, unfortunately, prices are increasing drastically and while they have taken measures to mitigate the increases, the current calculations show a substantial increase which they will publish later.

The CEO adds they have received submissions from the bus operators to increase the bus fare but the process has been delayed due to incomplete submissions from bus companies.

0% buffered00:00Current time00:00

He confirms the bus fare will change early this month.

Abraham says the fuel and supply chain crisis has added to the cost of wheat and they note that increases in prices of both bread and biscuits are now forecast.

0% buffered00:00Current time00:00

The FCCC CEO says they are working with stakeholders around Fiji to consider the viability of cost options and alternative supply chains. He says one of the avenues they have found for limiting a drastic increase in prices is the possibility of hedging longer-term contracts to manage price volatility to protect consumers effectively without hurting businesses.


FEATURE NEWS
EFL to re-apply for tariff review this year – EFL Chair
Energy Fiji Limited will re-apply for a review on EFL tariffs this year which means that they would like to increase electricity rates. EFL Board C...
16 hours ago
LATEST NEWS
City striker Haaland out for seven weeks with ankle injury
Manchester City striker Erling Haaland will be out for seven weeks with the ankle injury he suffered in the FA Cup quarter final win against ...
1 hour ago

Cabinet approves Fiji's $3.7 million contribution to SPC Office construction
Cabinet has approved Fiji’s contribution of $3.7 million towards constructing the new South Pacific Commission regional office in Suva. They say ...
1 hour ago

Sanatan Dharm President condemns Wainibuku Cemetery vandalism
The Shree Sanatan Dharm Pratinidhi Sabha of Fiji has strongly condemned the vandalism of the Wainibuku Cemetery in Nakasi last Sunday. In a ...
2 hours ago

Desecration of Ramayana saddens Vunicuicui devotees during Ram Naumi
Devotees of Vunicuicui Shiv Mandir are deeply saddened after their holy scripture, the Ramayana, was desecrated during the Ram Naumi ...
2 hours ago

Fijians in Myanmar and Thailand safe
Prime Minister Sitiveni Rabuka says Fiji’s Diplomatic Mission has confirmed the safety of all Fijians in Myanmar and Thailand following a powerful ...
16 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
IN DEPTH
Reverend Tugi on fijivillage Straight Talk With Vijay Narayan
Watch the General Secretary of Fiji Evangelical Fellowship, Reverend Simione Tugi on fijivillage Straight Talk With Vijay ...
34 days ago

fijivillage Straight Talk with Vijay Narayan and William Parkinson
Chairman of Communications Fiji Limited, parent company of FM96, LegendFM, VitiFM, Navtarang, Radio Sargam, fijivillage and PNGFM, William Parkinson ...
35 days ago

fijivillage Straight Talk with Vijay Narayan and Adi Tulia Nacola
The candid interview focuses on Nacola, coming from a chiefly family and being a daughter of a Minister who was ousted in the 1987 military coup, her ...
35 days ago

TOP