08/10/2026
The Independent Consumer and Competition Commission (ICCC) informs all consumers, suppliers, and stakeholders in the petroleum industry that under the recently passed Goods and Services Tax (Amendment) Act 2026 and NEC Decision No. 225/2026, the Government has exempted Goods and Services Tax (GST) on fuel prices until 31 December 2026, while phasing out the direct subsidy over the next two months.
This change will be reflected in the Indicative Retail Fuel Prices (IRP) for this month on Thursday, 08th October 2026, at 12:00AM. While consumers will see the domestic retail pump prices increase above September 2026 levels, these increases are well below the actual prices if there was no fuel subsidy.
Port Moresby prices stands at:
Petrol - K5.90;
Diesel - K5.90; and,
Kerosene - K5.90
Fuel prices for other centers can be accessed via link: https://iccc.gov.pg/2026/10/07/press-statement-announcement-of-fuel-prices-october-2026/