The Independent Consumer and Competition Commission (“ICCC”) hereby announces the approved maximum retail fuel prices for this month, which will take effect on Thursday, 8th of May 2025.
For this month, the Indicative Retail Prices (IRPs) for petrol, diesel and kerosene will all decrease on average throughout PNG, consistent with the movements in the international crude oil prices. This month’s decrease has indicated a significant drop in domestic fuel prices for three (3) consecutive months, offering a great relief to the consumers at the pump. It has also been noted that the international fuel prices have generally decreased over the past 12 months.
The decrease in average crude oil prices in April 2025 was mainly attributed to increased supply by the Organization of Petroleum Exporting Countries and its allies (OPEC+) and decreased demand due to the trade war between the United States of America (USA) and all its trading partners during that month.
The domestic retail fuel prices (IRPs) for this month are inclusive of the Import Parity Prices (IPPs) or the imported costs for each petroleum product, domestic sea and road freight rates for the second quarter of 2025, the approved annual wholesale and retail margins for 2025 and the Goods and Services Tax (GST), including the applicable excise duties, among other parameters.
PORT MORESBY
As a result of adding all the various cost components mentioned above, the maximum retail price movements for petrol, diesel and kerosene in Port Moresby will change as follows:
Port Moresby Retail Prices (toea per liter, tpl) |
Petrol (tpl) |
Diesel (tpl) |
Kerosene (tpl) |
| Retail Price as of 8th May 2025 | 417.70 | 388.79 | 360.55 |
| Retail Price as of 8th April 2025 | 429.02 | 401.26 | 372.59 |
| Change (+/-) tpl | -11.32 | -12.48 | -12.04 |
ALL CENTRES
Retail prices in all other designated centers will change according to their quarterly approved domestic freight rates for the second quarter of 2025, and their respective annual retail margins for this year. For all other centers, the maximum retail prices for each regulated petroleum product will change on average consistent with the changes observed for Port Moresby.
ENFORCEMENT AND COMPLIANCE
As part of the ICCC’s enforcement and compliance activities, ICCC Officers will conduct inspections to all service stations to ensure prices of declared petroleum products comply with the allowable maximum prices. The following ICCC officers will conduct compliance inspections in Lae, Mt. Hagen, Kokopo and Port Moresby. Inspections in other provinces will be supported by ICCC Agents in the respective Provincial Administration in those provinces. Please note:
- Jayson Ray, Mr. McWin Pea, and Mr. Bill Boiu will conduct compliance inspections to all service stations in the National Capital District and Central Province. They can be reached on telephone number, 312 4600;
- Allen Monyomb, Mr. Whitlam Noah, and Ms. Pamela Ipambonj will conduct compliance inspections in Lae. They can be reached on telephone number, 472 2859;
- Dorcas Baining Julai and Mr. Bosco Uraliu will conduct compliance inspections in Kokopo, Rabaul, Kerevat, Warangoi and Toma. She can be reached on telephone number, 982 9711/982 8476; and
- Kevin Kondo, Mr. Kingston Nikints, and Mr. Johnny Anderson will conduct compliance inspections in Mt. Hagen, Kundiawa, Goroka, and Kainantu. They can be reached on the following mobile numbers, 7369 8251/ 73850277/72772304.
The prices set by the ICCC are the indicative maximum retail prices, for which retailers may choose to sell below the ICCC approved maximum price.
Whilst retailers may choose to set fuel prices on their pumps to one decimal place, the ICCC will continue to set the maximum price to 2 decimal places. No fuel pump operator should charge above the Indicative Retail Price for this month’s price regardless of the number of decimal places. This is to ensure compliance with the Prices Regulation Act under which the maximum prices of declared petroleum products are set. Retailers who are displaying prices to 1 decimal place are urged by the ICCC to round the prices down to ensure prices are within the allowable indicative retail prices.
ICCC Inspectors will continue to conduct spot checks on 8th May 2025, to ensure on-going compliance by retail fuel operators.
Consumers are advised to report any instances of overcharging by retailers through the ICCC’s Consumer Protection Division on telephone number 312 4600, or by contacting our Regional Offices closest to you on the numbers provided above.