Petroleum prices adjusted

9
Petroleum prices adjusted

In keeping with the schedule of price changes under the modified market pass-through system, petroleum prices will be adjusted today.

The retail price of fuel products will be amended as follows:

 

“Had the Government applied the full change to the public, the retail price for gasoline would have been $16.71, as opposed to the current $16.30 per gallon,” a news release from the Office of the Prime Minister said.

“However, the Government of Saint Lucia has decided on a 50/50 percent sharing of the increase in international fuel prices between the Government and consumers. As a result Government’s excise tax revenue per gallon of gasoline and diesel will be reduced by 41 cents and 28 cents respectively over the next three months. ”

Further, it said the level of subsidy provided by the Government on the 20 pound cylinder of cooking gas has increased from $15.00 to $16.13 per cylinder for the next three months.

“By absorbing half of the increase in international fuel prices, Government will therefore be foregoing total revenue of approximate $4.2 million over the next three months,” the OPM said.

The public is further notified that the next price adjustment will be due on January 20, 2014.

(0)(0)

No posts to display

9 COMMENTS

  1. st.lucians dont know how to save money,leave your cars at home,take public transport..
    drive only on weekends...start walking,get back to the coal pot,but again you cannot cut the trees anymore to make coals..

    (0)(0)

  2. BUT yet St Lucians will spend $5.00 + for a gallon of water when they do not need to????
    GO FIGURE! Drink your safe piped water and save!
    Gas prices are going up everywhere! You are not alone.

    (0)(0)

  3. Above this is a flambeau frick that continue to live in denial, Why didn't you all call election when the flambeaus had all kinds of liars and criminals robbing the country, took millions away and to this day you think we lucians forget

    (0)(0)

    • Well they did. Constantly. Everyday on radio and tv. Some labour crony was calling for elections. Funny though, no one is calling for elections now. LMAO

      (0)(0)

  4. Anyone stop to look and realize that all this "increase" is is an elimination of most of the last decrease?

    (0)(0)

  5. Go back to the dayd of charcoal and 3stone fire for cooki ng our food that was the good old days food was testing delicious. thats the better days coming

    (0)(0)

  6. Let us get a few more donkeys from Montserrat....Let us all go green. Too many SLGs...Let of Ministers walk.....

    (0)(0)

  7. Dat government is a non sence..tired of their nonsence tryin to throw da country in a ditch...time for am election

    (0)(0)

Comments are closed.