Lahiri is two-over 218 after 54 holes.
Yesterday evening, Lahiri made the cut with a good second round, but faltered in the third round today.
Lahiri, who came in from US after playing the PGA Championship, had had rounds of 74, 69 and 75.
Lahiri said, "The second round felt good especially after the long journey to get here from the States. I am in a nice position going into the weekend."
Higginbottom, the leader by two at the start of the day, carded a one-under-par 71, while Jeffress shot a 69 to put them in front on eight under.
Australian Andrew Dodt is two strokes back after coming in with a 71 on another blustery and difficult day at Natadola Bay Championship Golf Course.
Fijian star Vijay Singh, who designed the scenically stunning coastal course, fired a 70 and is one over for the tournament in a tie for 15th.
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