Fiji businesses urged to stay vigilant on fuel security despite market shifts

Fiji must maintain vigilance regarding fuel security despite recent shifts in the global fuel market, according to former National Disaster Management Office Director Vasiti Soko. She urged businesses to view the situation as more than just a price fluctuation issue, emphasizing the need for preparedness.

Speaking at a webinar hosted by the Fiji Business Disaster Resilience Council, Soko highlighted that the complexities of fuel market volatility differ significantly from challenges posed by cyclones. While cyclones are predictable in their seasonal occurrence, the global fuel market presents a more dynamic and less predictable set of risks for the island nation.

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Businesses have been encouraged to remain vigilant despite developments in the global fuel market.

Soko's remarks underscore the ongoing vulnerability Fiji faces in securing essential resources. The encouragement for businesses to remain alert suggests that potential disruptions or price shocks could still impact the Fijian economy, requiring proactive management and contingency planning beyond immediate cost concerns.

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Soko warns that businesses should not view the issue as a fuel price challenge alone.