NO. 93/2015                                             DATE: December 17, 2015

 

ADJUSTMENT TO PETROLEUM PRICES FOR DECEMBER 2015

 

ST. GEORGE’S, GRENADA, Thursday, December 17, 2015: The General public is hereby informed that, effective, Friday December 18, 2015, the retail prices of petroleum products (Gasoline, Diesel, Kerosene and LPG ) in the State of Grenada will be as follows:

 

           GRENADA

Products        Old Price                   New Price

Gasoline      $13.30/IG                      $12.85/IG

Diesel         $12.70/IG                       $12.35/IG

Kerosene   $7.05/IG                         $6.35/IG

 

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

20 lbs Cylinder                $42.00                      $42.00

100 lbs Cylinder               $184.90                   $177.16

Bulk                                 $1.95/lb                 $1.83/lb

 

CARRIACOU

Products             Old Price                      New Price

Gasoline             $13.45/IG                        $13.00/IG

Diesel                 $12.80/IG                         $12.50/IG

Kerosene           $7.25/IG                            $7.30/IG

 

CARRIACOU & PETIT MARTINIQUE

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

20 lbs Cylinder                $51.00                     $51.00

100 lbs Cylinder              $207.90                    $200.16

Bulk                                $1.95/lb                   $1.83/lb

 

PETIT MARTINIQUE:

Products           Old Price                  New Price

Gasoline            $8.95/IG                  $7.50/IG

Diesel                $7.30/IG                  $7.00/IG

Kerosene           $7.25/IG                  $7.30/IG

 

The new Retail Prices are computed based on the average FOB costs: that is; (Ex-refinery prices), for the period, 16^th November, 2015 to 13^th December, 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.