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Changes in petroleum prices - January 2016


Tuesday, January 19, 2015 10:26 AM - St. George's, Grenada
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ST. GEORGE’S, GRENADA, Tuesday, January 19, 2016: The General public is hereby informed that, effective, Monday January 18, 2016, the retail prices of petroleum products (Gasoline, Diesel, Kerosene and LPG ) in the State of Grenada have been adjusted as follows:

 

  

Grenada:

     
Products Old Price New Price
     
Gasoline  $12.85/IG                    $12.90/IG
Diesel $12.35/IG

$11.50/IG

Kerosene                          $6.35/IG                                 $5.90/IG
     

L.P.G (Cooking Gas):

   
     
20 lbs Cylinder                $42.00   $42.00                                
100 lbs Cylinder               $177.16  $165.60
Bulk $1.83/lb $1.75/lb
     

Carriacou

   
     
Products Old Price New Price
     
Gasoline $13.00/IG $13.05/IG
Diesel $12.50/IG                              $11.65/IG
Kerosene                          $7.30/IG $6.10/IG
     

L.P.G (Cooking Gas):

   
     
20 lbs Cylinder $51.00 $51.00
100 lbs Cylinder $200.16                        $188.60
Bulk $1.95/lb $1.75/lb
     
     

Petite Martinique:

   
     
Products Old Price New Price
     
Gasoline $7.50/IG $7.55/IG
Diesel $7.00/IG                         $6.15/IG
Kerosene                          $7.30/IG                            $6.10/IG
     

The new Retail Prices are computed based on the average FOB costs: that is; (Ex-refinery prices), for the period, 14th December, 2015 to 13th January, 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.

 

 

 

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