A significant drop in the prices of petroleum.
This was announced by the Minister of Finance, Mulipola Annarosa Ale-Molioo for the month of January, 2022.
In a statement issued by the Ministry of Finance, says the retail Prices for Petrol per litre has dropped to$3.03, from $3.15. The Diesel also decreased from $3.03 to $2.93.
In a statement issued, the Minister advised the marker prices for January 2022 are based on November Mean of platts and the ProductPrices recovered in October Mean of platts has decreased across the product range.
The main cause for the market fall is attributed to the emergence of the Omicron COVID 19 variant which has caused another wave of infections around the world.
The statement also pointed out that Samoa remains the cheapest across the region when comparing the prices of fuel.
