Diesel, kerosene see drop in prices

 The price of diesel and kerosene will drop this month, while petrol will cost more, the Independent Consumer and Competition Commission said yesterday.

The price changes follow advice from InterOil on the Import Parity Prices (IPP) for the month of August.

Interoil has calculated the IPP-based in an interim pricing arrangement as agreed to with the Government.

Port Moresby retail prices for fuel from today will be as follows:

l Petrol K3.59, an increase of 4t from last month;The price of diesel and kerosene will drop this month, while petrol will cost more, the Independent Consumer and Competition Commission said yesterday.

The price changes follow advice from InterOil on the ImpThe price of diesel and kerosene will drop this month, while petrol will cost more, the Independent Consumer and Competition Commission said yesterday.

The price changes follow advice from InterOil on the Import Parity Prices (IPP) for the month of August.

Interoil has calculated the IPP-based in an interim pricing arrangement as agreed to with the Government.

Port Moresby retail prices for fuel from today will be as follows:

. Petrol K3.59, an increase of 4t from last month;

.Diesel K3.08 litre, a decrease of 2t from last month; and

. Kerosene K2.98 litre, a decrease of 2t from last month.ort Parity Prices (IPP) for the month of August.

Interoil has calculated the IPP-based in an interim pricing arrangement as agreed to with the Government.

Port Moresby retail prices for fuel from today will be as follows:

. Petrol K3.59, an increase of 4t from last month;

. Diesel K3.08 litre, a decrease of 2t from last month; and

. Kerosene K2.98 litre, a decrease of 2t from last month.

. Diesel K3.08 litre, a decrease of 2t from last month; and

. Kerosene K2.98 litre, a decrease of 2t from last month.