NO. 81/2015                                              DATE: October 20, 2015

 

ADJUSTMENT TO PETROLEUM PRICES FOR OCTOBER 2015

 

ST. GEORGE’S, GRENADA, Tuesday, October 20, 2015: The General public is hereby informed that, effective, Sunday October 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                                  $13.65/IG                   $13.45/IG

Diesel                                      $12.35/IG                    $12.80/IG

Kerosene                                  $7.25/IG                      $7.25/IG

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

20 lbs Cylinder                        $42.00                          $42.00

100 lbs Cylinder                      $191.05                         $187.30

Bulk                                        $2.00/lb                        $1.95/lb

CARRIACOU

Products                                 Old Price                  New Price

Gasoline                                  $13.85/IG                  $13.65/IG

Diesel                                      $12.55/IG                   $13.00/IG

Kerosene                                 $7.45/IG                     $7.45/IG

CARRIACOU & PETITE MARTINIQUE

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

20 lbs Cylinder                      $51.00                         $51.00

100 lbs Cylinder                     $209.90                       $210.30

Bulk                                       $1.95/lb                       $1.95/lb

PETITE MARTINIQUE:

Products                                 Old Price                New Price

Gasoline                                 $8.85/IG                    $8.15/IG

Diesel                                    $7.55/IG                     $7.50/IG

Kerosene                                 $7.45/IG                   $7.45/IG

The new Retail Prices are computed based on the average FOB costs: that is; (Ex-refinery prices), for the period, 11^th September, 2015 to 14^th October, 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.