Despite recent increases in the price of oil, largely due to concern over the ongoing political dispute in Egypt, the Cabinet of Ministers decided to grant a reduction in the price of fuel products, based on the cost of recent imports of refined petroleum products to Saint Lucia.
The price adjustments are as follows:
Unleaded gasoline will be reduced by 10 cents, from $15.99 to $15.89 per gallon;
Diesel will be reduced by 50 cents, from $15.85 to 15.35 per gallon;
Kerosene will realize a reduction of $2.02 and will now be sold at $11.01 per gallon; 20lb LPG will be reduced by $1.25 from $37 to $35.75; while
100lb LPG will be reduced by $22 from $275.75 to $253.75; and
Bulk LPG will be sold at $5.42 per kilogram, a reduction of 42 cents.
Even after the price reductions, government continues to subsidize the 20lb LPG (cooking gas) by $15.00 per cylinder.
The public is hereby notified that the next price adjustment takes effect on October 21, 2013.
The schedule below reflects price reductions for refined petroleum products.