Economy
Petroleum Prices down for February
Apia, Samoa – 2 February 2026 – The price of petroleum products have decreased for February. The Minister of Finance announced the new prices that apply from 1st February 2026:
- Petrol: decreases by 5.7 sene per litre, from $2.97 to $2.91
- Diesel: decrease by 22.9 sene per litre, from $3.22 to $3.00
- Kerosene: decrease by 18.7 sene per litre, from $2.85 to $2.66
February Retail Prices are based on December Cargo Uplifts from Singapore, delivered into Apia in January.
The Minister said that a combination of crude oil oversupply forecasts, high inventories, and slowing economic growth concerns combined to lead the market into a downward spiral during December 2025.
Added to this are recent political uncertainties, and the crude and refined product markets can expect further turbulence into 2026.
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