PRESS RELEASE – Consumers in Saint Lucia will be paying more for both gasoline and diesel as of Monday, April 25, 2016. These increases are reflective of the increase in the price of oil on the world market.
The CIF prices of products imported by the suppliers of petroleum products during the review period will reflect these adjustments in world market prices.
Gasoline will be sold for $0.67 more, at $10.59 per gallon. Diesel will be sold for $0.04 more, at $9.08 per gallon. Liquid petroleum gas (LPG) increases by $0.21 to $24.63 for 20lb cylinders; by $0.24 or $27.38 for 22lb cylinders; and by $1.06 to $163.08 for 100lb cylinders.
The price increase notwithstanding, the Government of Saint Lucia continues to subsidize the 20lb and 22lb LPG cylinders at a cost of $7.98 and $8.50 per cylinder, respectively.
Below is a schedule of the current retail prices for petroleum products:
|Petroleum Product||Existing Price||New Price||Change|
|Unleaded Gasoline||$9.92 per gallon$2.18 per Litre||$10.59 per gallon$2.33 per Litre||Increase by $0.67Increase by $0.15|
|Diesel||$9.04 per gallon$1.99 per Litre||$9.08 per gallon2.00 per Litre||Increase by $0.04Increase by $0.01|
|Kerosene||$5.40 per gallon$1.19 per Litre||$5.40 per gallon$1.19 per Litre||Unchanged|
|20 Pound||$24.42 per cylinder||$24.63 per cylinder||Increase by $0.21|
|22 Pound||$27.14 per cylinder||$27.38 per cylinder||Increase by $0.24|
|100 Pound||$162.02 per cylinder||$163.08 per cylinder||Increase by $1.06|
|Bulk||$1.49 per pound$3.29 per kilogram||$1.50 per pound$3.31 per kilogram||Increase by $0.01Increase by $0.02|
The next price adjustments will be made on May 16, 2016.