The Department of Energy is informing the public and users of diesel fuel of an increase in the diesel price applicable on Tuesday 19th September 18, 2023.The price of diesel will go up from 179 VT/L to 186 VT/L. This is an increase of + 7VT/L.This price changes follows the market price benchmarks by the Means of Platts Singapore.
PORT VILA, 14th August 2023. Under Article 6 of the Port Vila Concession contract between the Government of Vanuatu and Unelco Engie, the Honorable Minister of Climate Change, Hon. Ralph Regenvanu, representing the Government of Vanuatu, endorsed the use of the Article 6 Funds for the electricity grid extensions to electrify unserved areas and/or communities within the Concession jurisdiction or boundary.
PORT VILA, 17th July 2023.Vanuatu has signed its first carbon credit market through an Authorization Statement with the Swiss Government on the 8th of May, 2023.
This first signed authorization statement is for the Electrification of Vanuatu’s Inhabited Islands Through Solar Power Internationally Transferred Mitigation Outcomes (ITMO) program will be implemented by the National Green Energy Fund (NGEF). The program is focused on renewable energy specifically on Solar electrification.
This is to inform the general public and especially petroleum fuel and LPG end users of an impending retail price increases for diesel, petrol and LP Gas.
The Oil & Energy Insider oil reports that oil bulls are back as Brent breaks above $ 80 on 14th July 2023.
The Department of Energy (DoE) through the Ministry of Climate Change (MoCC) is the leading Government agency responsible for the development of energy policies, legislations and regulations to guide the development of energy services in Vanuatu and improve service delivery. Its principal policy, the National Energy Road Map (NERM) 2016-2030 stipulates that by 2030, Vanuatu should move out from conventional energy sources and transition to more renewable and sustainable energy sources. Similarly, Pillar 2 of the People’s Plan ECO 2.1 states that there should be increase in renewable energy sources to reduce the reliance on fossil fuels.