Fuel Prices Papua New Guinea

From energypedia

Part of: GIZ International Fuel Price database
Also see: Papua New Guinea Energy Situation

Fuel Pricing Policies

Local Currency: PGK
Exchange Rate: 2.525


Last Update:

InterOil Ltd. is the only fuel company in Papua New Guinea. The official „Independent Consumer and Competition Commission“ (ICCC) supervises fuel prices by monitoring actual costs (import parity prices and freight costs) and setting wholesale and retailer margins to fixed values.

On the website http://www.iccc.gov.pg, ICCC offers good information on the fuel pricing mechanism and the role of the ICCC as a controlling and monitoring commission. Also, reasons for price changes are explained in press statements, including a full pump price breakdown. However, information is out-dated; the last published price breakdown is as of June 2009.

Fuel Prices and Trends

Gasoline 95 Octane Diesel
in USD*

in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil

Fuel Price Composition

Price composition for one litre of Gasoline 95 Octane as of 2009/06/05.

GIZ IFP2012 Papua New Guinea.png

Freight component differs among several regions of the country, resulting in slightly different fuel prices.

Source: http://www.iccc.gov.pg/docs/Fuel%20Prices%20June%2009%20Press%20Statement.pdf

At a Glance

Transparency of
Price Composition
Transparency of Pricing
Mechanism / Monitoring
IFPDB matrix background.png
IFPDB matrix point.png
IFPDB trafficlight yellow.png IFPDB trafficlight explanation.png IFPDB trafficlight yellow.png

Information is good, but out-dated. Historical timelines could not be found.

Sources to the Public

Type of Information Web-Link / Source
Other Information http://www.iccc.gov.pg
Price Composition http://www.iccc.gov.pg/regreviews-prices.php
Pricing Mechanism http://www.iccc.gov.pg/declared-price-monitored-controlled-services.php
Pump prices and margins http://www.iccc.gov.pg/regreviews-prices.php
Wholesale Prices http://www.iccc.gov.pg/regreviews-prices.php


Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de