A fire extinguishing composition is provided that is suitable for use as a fire extinguishing agent in fire suppression, particularly in off-road vehicles exposed to low ambient temperature environments. The fire extinguishing composition includes an aqueous solution of potassium formate. In an embodiment, the fire extinguishing composition includes an aqueous solution of potassium formate and an aqueous film forming foam. In an embodiment, the fire extinguishing composition is an aqueous solution including an aqueous film forming foam, potassium formate and potassium acetate in water.