Fuel pricing in Fiji

Rao, Gyaneshwar (2005) Fuel pricing in Fiji. Fijian Studies, 3 (1). pp. 139-152. ISSN 1728-7456

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Abstract

Changes in the prices of petroleum products are always under public scrutiny. Fuel is an essential commodity, without viable substitutes. It is a very noticeable expense item in the consumer budget and fuels a country’s economic expansion. A widespread view is that the fuel prices are high because the Oil Companies are manipulating prices in an oligopolistic market structure to earn monopoly profits. Many also claim to observe an asymmetric relationship between the retail end prices and the crude oil prices. That is the retail end prices respond more quickly to crude price increases than when they are falling.

Item Type:	Journal Article
Additional Information:	This was also presented as a Working Paper 2005/5, p.15.
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Faculty of Business and Economics (FBE) > School of Economics
Depositing User:	Ms Mereoni Camailakeba
Date Deposited:	21 Apr 2005 06:14
Last Modified:	10 May 2012 05:38
URI:	https://repository.usp.ac.fj/id/eprint/3430

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