Gasoline and electricity prices will go up August 1

The French Polynesian Council of ministers announced Wednesday that gasoline and electricity prices will go up on August 1.

Starting August 1, motorists will now pay 150 French Pacific francs (F CFP) instead of 140 F CFP per liter of unleaded gasoline. 150 F CFP is the equivalent today of US 1.64/€ 1.25.

Motorists will also pay 137 F CFP instead of 127 F CFP per liter of diesel. 137 F CFP is the equivalent today of US$ 1.50/€ 1.14.

The Tong Sang government claimed to have no other choice than to increase prices for French Polynesian motorists.

Gasoline and fuel prices had already been raised last May because gas prices in Singapore had gone up 10%.

The Tong Sang government also announced that electricity prices will go up as well.

Household electricity prices in French Polynesia will go up 4,5% starting August 1, a government press release states.

The government claimed these increases are also caused by the current exchange rate between the euro and the US dollar.

ATP