GOVERNMENT CONFIRMS FUEL SUPPLY STABILITY

Honiara, Solomon Islands, Friday 27 March 2026 – The Government for National Unity and Transformation (GNUT) confirms that Solomon Islands continues to maintain a stable and secure fuel supply, and that current fuel prices for March 2026 will remain in effect until the end of the month.

Following briefings from the Central Bank of Solomon Islands (CBSI) and the Ministry of Finance and Treasury (MOFT), as well as consultations with key stakeholders including the country’s two main fuel importers, the Prime Minister has been assured that national energy security remains strong despite ongoing volatility in global fuel markets.

Solomon Islands currently holds between 40 to 50 days of fuel supply in-country, which is comparatively higher than most Pacific Island countries. When factoring in fuel shipments currently at sea, total available supply increases to an estimated 50 to 90 days. Fuel is primarily sourced from Singapore, with shipments arriving approximately every three weeks.

The Government is now working closely with fuel importers to increase domestic fuel storage capacity to between 50 and 90 days. Achieving this target would significantly strengthen the country’s strategic fuel reserves to nearly 120 days when combined with supplies in transit.

Fuel remains a price-controlled commodity under national regulations. The Price Advisory Committee (PAC) under the Ministry of Commerce, Industry and Labour publishes official fuel prices on the first day of each month. The April 2026 fuel prices will be announced on 1 April 2026.

At present, price-controlled fuel is available in Honiara and at one outlet in Noro. The Government has directed the PAC to consider mechanisms to extend price control measures to fuel prices in the provinces.