BY NED GAGAHE
The Ministry of Commerce, Industries, Labour and Immigration (MCILI) has announced updated fuel prices for Honiara, which will come into effect starting September 1, 2025.
The new maximum wholesale and retail prices were approved under the Price Control Act 1982 (Cap 64) following consultation with the Prices Advisory Committee (PAC).
In a statement issued on Friday, August 29, 2025, the ministry confirmed that the new prices apply to petrol, diesel, and kerosene, and reflect ongoing changes in the global fuel market, international freight charges, and movements in the Solomon Islands dollar (SBD) against foreign currencies.
Under the new pricing structure:
- Petrol (PMS) will be sold at $7.38 per litre wholesale, and $9.34 per litre retail.
- Diesel (ADO) will be sold at $7.99 per litre wholesale, and $10.04 per litre retail.
- Kerosene (KERO) will be priced at $7.35 per litre wholesale, with a retail pump price of $10.27 per litre.
The Ministry also clarified that kerosene is sold directly at service station pumps, and the retail price includes applicable government taxes and retailer margins.
A comparison with this month’s fuel prices (August 2025) shows mixed movements across the three products.
Petrol prices have decreased. The wholesale price fell from $7.54 to $7.38 per litre, a drop of $0.16, while the retail price dropped from $9.52 to $9.34 per litre, a decline of $0.18.
Diesel prices increased, with the wholesale price rising from $7.82 to $7.99 per litre, and retail climbing from $9.84 to $10.04 per litre, an increase of $0.20.
Kerosene prices also went up, with the wholesale price moving from $7.26 to $7.35 per litre, and the retail pump price increasing from $10.14 to $10.27 per litre, a rise of $0.13.
The Ministry explained that the adjustments are largely driven by global fuel market trends, including the Mean of Platts Singapore (MOPS) prices, which influence local fuel import costs. Other contributing factors include shipping rates and foreign exchange fluctuations.
The Ministry encourages members of the public, businesses, and fuel distributors to take note of the new prices and to contact relevant authorities for any queries.
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