PRESS RELEASE – Adjustments under the Three-Week Pass Through Mechanism will lead to reduction in prices of all petroleum products, effective today, Monday, August 17, 2015.
A gallon of unleaded gasoline will decrease by fourteen cents, a gallon of diesel by fifty-eight cents and a gallon of kerosene by one dollar and twenty-two cents.
Government continues to subsidize the 20lb and 22lb LPG (liquid petroleum gas) cylinders by $11.76 and $12.65 per cylinder, respectively, and has allowed consumers to access the full benefits of reductions in the landed cost of all other fuel products.
Below is a schedule of the retail prices for these products:
|Fuel Product||Existing Price||New Price||Change|
|Unleaded Gasoline||$13.50 per gallon$2.98 per Litre||$13.36 per gallon$2.94 per Litre||Decrease by $0.14Decrease by $0.04|
|Diesel||$11.53 per gallon$2.53 per Litre||$10.95 per gallon$2.41 per Litre||Decrease by $0.58Decrease by $0.12|
|Kerosene||$8.27 per gallon$1.82 per Litre||$7.05per gallon$1.55 per Litre||Decrease by $1.22Decrease by $0.27|
|20 Pound||$27.15 per cylinder||$26.75 per cylinder||Decrease by $0.39|
|22 Pound||$30.14 per cylinder||$29.71 per cylinder||Decrease by $0.44|
|100 Pound||$197.74 per cylinder||$192.55 per cylinder||Decrease by $5.20|
|Bulk||$1.85 per pound||$1.80 per pound||Decrease by $0.05|
Prices will be adjusted again onMonday, September 7, 2015. These prices will be determined by the landed cost of these products over the current review period.