The significant drop in gas and fuel prices officially comes into effect from today.

Fijian Competition and Consumer Commission CEO, Joel Abraham says the price of a 12kg cylinder of gas drops by $8.01 and the price is now $29.41.

The cost of a 13kg cylinder is now $31.86. The previous price was $40.53.

The price of a 4.5kg cylinder has dropped by $3 and the cost is now $11.03.

It has also been announced that the price for unleaded fuel has dropped by 14 cents per litre from $1.80 to $1.66 a litre while the diesel price has dropped from $1.67 to $1.54 per litre.

There is also a huge reduction in kerosene prices as a litre now costs 91 cents. The previous price was $1.08.

Pre-mix fuel drops by 14 cents from $1.43 to $1.29.