NO. 16/2015                                                              DATE: February 17, 2015

 

ADJUSTMENT TO PETROLEUM PRICES FOR FEBRUARY 2015 

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ST. GEORGE’S, GRENADA, Tuesday, February 17, 2015: The General public is hereby informed that, effective, Wednesday, February 18^TH, 2015, the retail prices of petroleum products (Gasoline, Diesel, Kerosene and LPG {Cooking Gas}) in the State of Grenada will be as follows:

           

GRENADA

 

Products                       Old Price           New Price

 

Gasoline                            $10.92/IG            $11.04/IG

 

Diesel                                  $11.21/IG             $10.99/IG

 

Kerosene                             $8.26/IG              $7.96/IG

 

 

 

L.P.G (Cooking Gas):        Old Price           New Price

 

20 lbs Cylinder                           $41.61                 $42.00                                

 

100 lbs Cylinder                         $202.62              $198.00      

 

Bulk                                               $2.08/lb             $2.04/lb                             

 

 

 

CARRIACOU

 

Products                   Old Price            New Price

 

Gasoline                         $11.10/IG           $11.22/IG

 

Diesel                              $11.39/IG           $11.17/IG

 

Kerosene                        $8.45/IG             $8.15/IG

 

 

 

 

 

CARRIACOU & PETITE MARTINIQUE

 

L.P.G (Cooking Gas)          Old Price          New Price

 

20 lbs Cylinder                           $50.61                   $51.00

 

100 lbs Cylinder                         $225.62                $221.00

 

Bulk                                                $2.08/lb              $2.04/lb

 

 

 

 

 

PETITE MARTINIQUE:

 

Products                            Old Price             New Price

 

Gasoline                                 $8.10/IG               $8.22/IG

 

Diesel                                      $8.39/IG               $8.17/IG

 

Kerosene                                $8.45/IG               $8.15/IG

 

 

The new Retail Prices are computed based on the average FOB costs: that is; (Ex-refinery prices), for the period, 13^th January, 2015 to 15^th February, 2015.

It important for the public to understand that petroleum prices are likely to remain high since Grenada imports nearly all of its fuel.  Consumers are, therefore, urged to act wisely by conserving and using energy efficiently. 

Furthermore, consumers are encouraged to immediately notify the Price control/Consumer Affairs Unit in the Ministry of Finance of any instance of overpricing at telephone number 440-1369.