The Prices and Incomes Board is intending to reduce the retail percentage mark ups of Kerosene and Pre Mixed outboard fuel from the existing 10 percent to 7 percent.
However, before this is done, a 14 day notice is given from the 11th of July for stakeholders to give their opinions on reduction.
PIB Secretary, Ane Naulivou said the intention of the PIB to reduce the retail percentage mark-ups is to help reduce the effect of rising world fuel prices.
Intentions To Reduce Kerosene Prices
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