FCCC urges Fijians to be responsible spenders since prices of commodities are expected to increase in the coming months
Bus fare to change early next month – FCCC CEO

FCCC urges Fijians to be responsible spenders since prices of commodities are expected to increase in the coming months

Bus fare to change early next month – FCCC CEO

By Navitalai Naivalurua
28/04/2022

The Fijian Competition and Consumer Commission are urging all Fijians to be responsible spenders since the global supply market for goods has shown a pattern of concern with the Russia-Ukraine war has negatively impacted Fiji’s recovery efforts.

FCCC Chief Executive Officer Joel Abraham says Russia this week has banned the exports of gas to Poland and Bulgaria causing a further strain on an already increasing commodity cost while Indonesia has banned exports of edible oil used primarily in the manufacture of biscuits, margarine, laundry detergents and chocolates.

He says Fiji is not immune to the effects of these global price hikes as we are a price-taker in an import-based market.

Abraham says the increase in fuel prices will have a trickle-on effect on other services that rely heavily on fuel and also confirmed that they have received submissions from bus operators seeking a 60% increase in Stage 1 fares and a 25% to 30% increase in the other stages.

He says they have a stringent bus fare review process that will determine if a change in the bus fare is needed and by how much.

The CEO adds they are in the final stages of assessing the cost components and is expecting the completion of this exercise by early May.

He confirms the bus fares will change, but they will do their best to balance the interests of bus companies with those of all travelling Fijians.

0% buffered00:00Current time00:00

Speaking at a press conference this afternoon, Abraham says the impact of the war is also directly felt in food prices, which has been further exacerbated by the supply chain crisis initially caused by COVID-19.

He says it has increased the prices of basic commodities and driven up freight prices due to the cost of transportation.

Abraham says they have also received submissions from bread companies and biscuit manufacturers for an increase in bread and biscuit prices since the fuel and supply chain crisis has added to the cost of wheat.

0% buffered00:00Current time00:00

The CEO says they are also working with the Australian Competition and Consumer Commission on avenues to address shipping issues and are hopeful they can find a way to keep costs as low as possible for Fijian consumers.

FEATURE NEWS
Grammar Head Boy leads 998 students for Cadet pass-out and awarded the Baton of Honour for leadership
Ratu Inoke Rabukawaqa, the Head Boy of Suva Grammar School, led 998 students during their Cadet Passout Parade and was awarded the Baton of Honour for...
4 minutes ago
LATEST NEWS
TotalEnergies and LTA collaborate on keeping the future leaders of Fiji safe
The safety of our future leaders and the handover of these road safety kits to schools is not just a corporate responsibility but a personal one as ...
2 minutes ago

5 people win in Hot Bread Kitchen M-Paisa Promotion Prize Draw
5 people are making a great start to the weekend after winning some amazing prizes in the M-Paisa Promotion Prize Draw, which was held this morning ...
47 minutes ago

McDonald's sales drop as diners face 'uncertainty'
McDonald's has suffered its biggest drop in US sales since the height of COVID, a fall that it said was driven by people's concerns over the US ...
3 hours ago

Two successful contractors to undertake essential maintenance works on Govt quarters in Vunisea
Great news for civil servants in Kadavu after the government has formalised contracts with two successful contractors who will undertake essential ...
3 hours ago

FNU Assistant Professor calls on Heads of School to monitor how PEMAC is taught in schools
Fiji National University Natabua Campus, Assistant Professor Mohammed Feroz Ali has raised concerns about how PEMAC is taught in schools, saying that ...
3 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
Tevita Ikanivere on fijivillage Straight Talk With Vijay Narayan
The show focuses on Ikanivere’s journey, his family, career and how far the Drua has ...
10 days ago

Daniel Fatiaki and Professor Narsey on fijivillage Straight Talk With Vijay Narayan
Chair of the Electoral Reform Commission and former Chief Justice, Daniel Fatiaki and Electoral Reform Commissioner and economist, Professor Wadan ...
10 days ago

Top Interventional Cardiologist Dr Kapadia on fijivillage Straight Talk With Vijay Narayan
The show will focus on health services in the country. The former Marist Brothers Primary and High School student who has been practising medicine ...
25 days ago

TOP