Petrol prices drop for April
The economic impact of the coronavirus on Samoa has just been made a little easier to absorb thanks to the petrol prices dropping for the month of April.
The prices, announced by the Ministry of Finance, become effective on 1 April 2020.
“The Minister of Finance, Sili Epa Tuioti has advised that the following changes in the retail petroleum products prices will apply from 1st April 2020,” a media statement said.
The retail price for petrol has dropped by 12.0 sene from $2.67 and will now cost $2.55 sene per litre.
The Minister also announced that diesel will decrease by 22.0 sene from $2.74 sene to $2.52 per litre.
The kerosene will decrease by 24.0 sene from $2.37 to $2.13 per litre.
“Product price decreases in February (which set April Retail Prices) resulted from the worldwide economic impact of the COVID-19 pandemic.
According to a graph attached by the release on Samoa Max Wholesale Price from May 19, 2019 to April 20, 2020 it shows that the latest decrease in petrol prices is the lowest.
From the 12 months highlighted in the graph August 2019 closely follows after April 2020 as one of the lowest drop in petrol prices by 20 sene from $2.74 to $2.54 per litre.
It was also the same case with diesel on August 2019 with its price decreased by 0.19 sene per litre from $2.82 to $2.63 per litre.
This month marks the second time petroleum product prices have decreased since the first decrease in March.