Dear stakeholder,

The Ministry would like to communicate its March 2024 fuel price review decision as follows:

That the Ministry recorded:

• under-recoveries of 153 cents per litre on petrol
• under-recoveries of 114 cents per litre on diesel 50ppm
• under-recoveries of 106 cents per litre on diesel 10ppm

Therefore, the Ministry is hereby announcing that:

• petrol prices and both the diesel prices will remain unchanged.
• NEF will absorb the under-recoveries.
• increase NEF levy by 50 cents per litre, to ensure security of fuel supply and to maintain sustainability of the fund.

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