Petrol prices increase, diesel drops


PRICES for petrol in Port Moresby increased this month while diesel and kerosene decreased, according to the Independent Consumer and Competition Commission (ICCC).
Petrol price went up by 4 toea to K2.83 from K2.78 last month.
Diesel price fell by 1 toea to K2.26 from K2.27.
Kerosene price also decrease by 2 toea to K2.16 from K2.18 the previous month.
ICCC noted that there was a further increase in the Singapore product prices for petrol while those for diesel and kerosene dropped. ICCC chief executive officer Paulus Ain attributed the differing direction of change to different margins between petrol, diesel and kerosene.

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