Saturday 19 April 2025 | Written by Supplied | Published in Letters to the Editor, Opinion
Shipments arrive in smaller quantities, which increases transport costs per unit, and these costs are ultimately passed on to consumers. Additionally, ongoing global supply chain disruptions have led to delays in shipments, creating temporary shortages and contributing to price fluctuations.
To ensure fairness and transparency, the Price Tribunal follows a structured process. Every two months, local fuel suppliers are required to submit relevant documentation, including import invoices and customs entries for LPG, diesel, and petrol. These documents are reviewed and compiled into a pricing model. The Price Tribunal then determines a fair retail price based on the suppliers actual costs, while also ensuring that the final price remains as affordable as possible for the general public. This process is guided by the Control of Prices Act 1966, which gives the Price Tribunal the legal authority to fix prices in a way that protects consumers from unfair pricing and market exploitation. The Tribunal must always consider what is fair and reasonable for people living in the Cook Islands.
After releasing the current price order (P.O 02|2025) on the Price Tribunal’s official Facebook page, we received a number of comments from consumers expressing concern about fuel costs. Among the feedback were observations from Cook Islanders currently living in New Zealand and Australia, who noted that fuel in the Cook Islands is approximately $1.00 more expensive than what they are paying in their current locations.
While we acknowledge this difference, it is important to highlight the unique circumstances and logistical realities that contribute to the higher cost of fuel in the Cook Islands. The Price Tribunal remains committed to setting prices that reflect actual costs while ensuring fairness for all consumers.