Matson Inc., the state’s largest ocean cargo carrier, said Monday it will lower its Hawaii fuel surcharge by 2 percentage points to 35.5 percent as a result of declining bunker fuel prices.

The price change, which will take effect Sunday, is the second consecutive decrease as the carrier reduced its surcharge in Hawaii to 37.5 percent in November.

“We are pleased to be able to make this downward adjustment to our fuel surcharge, which for most customers represents a reduction in shipping costs ranging from $40 to $70 per container,” said Dave Hoppes, senior vice president, ocean services, for Matson. “We have been encouraged by the recent moderation in bunker fuel prices, and remain focused on diligently exploring ways in which we can maximize fuel efficiency for our fleet.”

Matson also is lowering its fuel surcharge for its Guam/Commonwealth of the Northern Mariana Islands and Micronesia services by 2 percentage points to 36 percent and 41 percent, respectively.