Philip Lloyd
No image available
/ 13 September 2005

An ABC of the BFP

The basic fuel price (BFP) used by the government to set the cost of fuel is supposed to represent the import parity price, that is, the price at which petrol, diesel or paraffin could be imported into the Republic. But, if you were to shop for your own petrol around the world, you could land it here significantly cheaper than the BFP.