alternative fuel prices in Oceania
CNG price in Oceania in
Energy represents a significant expense for individual consumers, businesses and the economy in general in Oceania. Energy prices indicate the importance of the different commercial transactions associated with the use of energy, and are highly variable on the continent due to the evident geographical variables of a continent made up of separate islands.
Governments in Oceania may pursue several objectives when designing their energy product tax policy but energy taxes are a major source of revenue for several countries, making energy products an attractive target for taxation, since the resulting tax revenues are stable and predictable.
Natural gas poses a specific challenge, since its prices for final consumption are usually regulated through multiple tariffs that include fixed and variable costs. CNG can be supplied in most countries, however, complicated logistics cause prices that are not very competitive with traditional fuels.
The price of CNG in Oceania varies a lot and, in any case, its consumption is very little widespread on the continent.