NO. 10/2016                                               DATE: February 17, 2016

 

ADJUSTMENT TO PETROLEUM PRICES FOR FEBRUARY 2016

 

ST. GEORGE’S, GRENADA, Wednesday, February 17, 2016: The General public is hereby informed that, effective, Thursday February 18, 2016, 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                      $12.90/IG                   $12.30/IG

Diesel                          $11.50/IG                    $11.30/IG

Kerosene                     $5.90/IG                      $5.35/IG

 

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

20 lbs Cylinder                          $42.00              $42.00

100 lbs Cylinder                        $165.60             $160.10

Bulk                                              $1.75/lb            $1.70/lb

 

CARRIACOU

Products                   Old Price              New Price

Gasoline                       $13.05/IG                  $12.50/IG

Diesel                           $11.65/IG                   $11.50/IG

Kerosene                      $6.10/IG                   $5.55/IG

 

 

CARRIACOU & PETITE MARTINIQUE

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

20 lbs Cylinder                        $51.00               $51.00

100 lbs Cylinder                      $188.60             $188.60

Bulk                                            $1.75/lb            $1.70/lb

 

 

 

PETITE MARTINIQUE:

Products                           Old Price           New Price

Gasoline                                $7.55/IG           $7.00/IG

Diesel                                     $6.15/IG           $6.00/IG

Kerosene                               $6.10/IG           $5.55/IG

 

The new Retail Prices are computed based on the average FOB costs: that is; (Ex-refinery prices), for the period, 14^th January, 2015 to 14^th February, 2016.

 

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.