Stanley Services Ltd
Tel: +500 22622

Current Time in Falklands Island

Fuel Prices July 2020:-

Domestic Fuel Prices

Product Pence Per Litre (FKP)
Diesel              43
Kerosene              72
Unleaded/leaded Petrol             127
LPG             129

Marine Gas Oil prices $690*(USD) per metric tonne

*Indication only please contact us for further details

Extension of Fuel Licence

It was agreed that the domestic market has been well-served by Stanley Services Ltd over the past 27 years and the Domestic Fuel Formula - which is audited on an annual basis by FIG - has been successful in keeping prices down in a small market. As a result of the extension to the licence, the profit element of the Domestic Fuel Formula has reduced from 2.5% to 1.5% and this will come into force on 1st April 2015.

Additionally, under the new fuel supply agreement, Stanley Services Ltd will construct a Petrol/Kerosene Installation at Fox Bay allowing consumers and visitors on the West to have easy access to both products and negotiations are underway for Stanley Services Ltd to take over responsibility for the diesel tanks at Fox Bay.

The new agreement also allows for the continuance of Stanley Services Ltd’s arrangement with Lavinia Corporation to import small parcels of diesel at very competitive prices.

The new licence agreement permits Stanley Services Ltd to exclusively sell Bunker Fuel within the twelve-mile Falkland Islands territorial waters. Executive Council is confident that there are sufficient and robust control mechanisms in place to ensure a capped pricing structure for Bunker Fuel.

The current selling price takes into account a matrix of prices for similar products in the South Atlantic, together with transport, financial, storage and distribution charges. A Customer Charter has been agreed between Stanley Services Ltd and Falkland Islands Fishing Companies Association (FIFCA) that sets out responsibilities and obligations from both parties, and Stanley Services Ltd has also agreed to employ a dedicated Bunker Manager in Stanley who will look after all Bunkering requests, liaising with its customers requiring Marine Fuel. Stanley Services Ltd have reconfirmed their acceptance of the principle of regulation and being open and Transparent for all records to be reviewed by FIG.

Tom Swales of Stanley Services Ltd is confident that the licence extension will be a positive step for fuel consumers in the Falkland Islands: ‘I am delighted that ExCo have agreed to extend our Exclusive Licence until 2023. With the strong support of our shareholders the Company will continue to invest in the Islands and together with all colleagues and partners will strive to improve levels of service to all our customers. Having an Exclusive Licence is a huge responsibility for all involved in the Company and our aim is to continue to serve the Islands with integrity as we have done over the past 27 years.’

Chief Executive of the Falkland Islands Government, Keith Padgett, welcomed ExCo’s decision to extend the licence: ‘FIG recognises the value that Stanley Services Ltd has brought to our economy over many years, and this extension will reinforce that long-standing relationship. We are pleased to be able to draw a long period of negotiations over the licence agreement to a successful conclusion, and hope to work in partnership with Stanley Services Ltd over the coming months and years to further improve fuel services here in the Islands.’