There’s good news and bad for Aitutaki, where the price of petrol has dropped by six cents a litre.
Diesel, however, has risen by 3 cents a litre and LPG by 2 cents a kilo.
A media statement accompanying the latest Price Tribunal price order said global prices had seen a steady general upward trend, with small dips over the past two months.
Global price fluctuations affect the Cook Islands’ domestic market with a delayed time frame of two to four months. The effect is further impacted by fuel price regulations set in place by the Price Tribunal.
The price order no longer sets a minimum wholesale price for fuel and LPG due to the ending of the government funded Toa Petroleum profit guarantee in December 2017.
The latest prices took effect on May 15.