NO. 65/2015                                                                          DATE: August 17, 2015

ADJUSTMENT TO PETROLEUM PRICES FOR AUGUST 2015

ST. GEORGE’S, GRENADA, Monday, August 17, 2015: The General public is hereby informed that, effective, Tuesday August 18, 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                                $14.35/IG                $13.65/IG

Diesel                                     $12.25/IG               $11.50/IG

Kerosene                                 $8.25/IG                 $7.55/IG

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

20 lbs Cylinder                     $43.00                      $42.00

100 lbs Cylinder                 $202.35                    $191.05

Bulk                                            $2.10/lb                  $2.00/lb

CARRIACOU

Products                           Old Price              New Price

Gasoline                               $14.50/IG             $13.85/IG

Diesel                                    $12.45/IG              $11.70/IG

Kerosene                                $8.45/IG                $7.70/IG

CARRIACOU & PETITE MARTINIQUE

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

20 lbs Cylinder                      $52.00                     $51.00

100 lbs Cylinder                  $225.35                  $214.05

Bulk                                            $2.10/lb                 $2.00/lb

PETITE MARTINIQUE:

Products                         Old Price              New Price

Gasoline                              $10.50/IG              $9.85/IG

Diesel                                     $8.45/IG               $7.70/IG

Kerosene                               $8.45/IG               $7.70/IG

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