Fuel Prices Papua New Guinea
Part of: GIZ International Fuel Price database
Also see: Papua New Guinea Energy Situation
Fuel Pricing Policies
| Local Currency: | PGK |
| Exchange Rate: | 2.525
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| 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* |
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| in Local Currency |
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* 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.
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
| Regulation-Price-Matrix |
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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 |
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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