Petrol and Diesel

Nauru reduces import duty of petrol and diesel

The conflict in Ukraine with boycotts of Russian fuel supply continues to negatively affect the global oil and gas supply.

This is resulting in higher prices in Nauru not only for fuel directly but all goods due to pressure on shipping and production costs. OPEC members decided to increase output (2 June) for July-August however constraints in global refining capacity are likely driving current prices.