PRESS RELEASE – As prices of petroleum products continue to trend downwards on the international market, a further adjustment in prices onMonday November 9, 2015 will result in lower prices for local consumers.
Gasoline will be sold for $0.33 less, at $10.65 per gallon.
The 100lb, 22lb and 20lb cylinders have decreased by $1.24, $0.14 and $0.13 respectively. The new retail prices are $179.21, $28.16 and $25.34 per cylinder, respectively.
Due to a higher import price for the period under review, the only product to register an increase is diesel. Notwithstanding diesel will be sold for $10.50 per gallon, $0.15 cents lower than the retail price for gasoline.
Below is a schedule of the retail prices for petroleum products:
|Petroleum Product||Existing Price||New Price||Change|
|Unleaded Gasoline||$10.98 per gallon$2.41 per Litre||$10.65 per gallon$2.34 per Litre||Decrease by $0.33Decrease by $0.07|
|Diesel||$10.23 per gallon$2.25 per Litre||$10.50 per gallon$2.31 per Litre||Increase by $0.27Increase by $0.06|
|Kerosene||$7.05 per gallon$1.55 per Litre||$7.05 per gallon$1.55 per Litre||Unchanged|
|20 Pound||$25.47 per cylinder||$25.34 per cylinder||Decrease by $0.13|
|22 Pound||$28.30 per cylinder||$28.16 per cylinder||Decrease by $0.14|
|100 Pound||$180.45 per cylinder||$179.21 per cylinder||Decrease by $1.24|
|Bulk||$1.67 per pound$3.69 per kilogram||$1.66 per pound$3.66 per kilogram||Decrease by $0.01Decrease by $0.03|
Despite the falling prices, Government continues to subsidize the 20lb and 22lb LPG cylinders at a cost of $10.50 and $11.27 per cylinder respectively.
The next price adjustment will be on November 30, 2015.