Prices of most petroleum products fall as oil prices continue to trend downwards

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Prices of most petroleum products fall as oil prices continue to trend downwards

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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
LPG:
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.

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8 COMMENTS

  1. I wonder why the bus fares don't go down amidst the reduced costs of fuel for some time now. Also, the price of food items because the fuel prices were the selling point to raise or maintain prices.
    Everyone seems to be focused on politics.

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  2. He is giving the reduction in small portions to last longer. But keep thinking that we are stupid. Time is drawing near.

    (0)(2)

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