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FSM fuel prices to rise in line with regional increases
Details Written by Bill Jaynes
April 5, 2021
Pohnpei, Federated States of Micronesia - The Vital FSM Petroleum Corporation (FSMPC) wishes to inform our valued customers of an upcoming increase in wholesale prices to the following fuel products: diesel (ADO), unleaded gasoline (ULP) and dual purpose kerosene (DPK). As advised in previous months, regional and international prices have been on an upward trend since April 2020. In the last four months alone, the price per barrel of unleaded gasoline rose from $49.74 to $70.48 (see Figure 1).
Customers are advised that the impending increase of $0.15 per gallon becomes effective Monday, April 12, and, depending on trends in the regional and international market, may be followed by similarly sized increases in the months of May and June.
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