Port Vila, 25th May,2022. The Department of Energy wishes to advise all vehicle owners and the public at large that there will be an increase to diesel fuel price as of tomorrow, Thursday 26th May.
The diesel imported is now to be released into the retail markets on 26th May with the price of 217.12 Vatu per Litre. This is an increase of 34.12 Vatu per Litre from the previous retail price of 183 Vatu per Litre.
With the continuous rippling effects of COVID19 and the Russian invasion of Ukraine in February of 2022 the demand for oil gives rise to continued ascending prices. The crude oil price hikes are therefore reflected in the downstream side that shows in the imports of diesel (AGO10) in April 2022 into Vanuatu by the petroleum product supplier.
The prices are based on the cost fluctuations of the Means of Platts Singapore (MOPS), the regional pricing benchmark adopted in the downstream oil industry, including other cost components, foreign exchange rate, and other charges.
The Department of Energy continues to observe the fluctuating trend of fuel prices at the global market and will duly inform everyone on a next update.
If you need further information, please do not hesitate to contact the Department of Energy on phone 25201 or email