NO. 14/2016                                                     DATE: March 16, 2016

 

 

 ADJUSTMENT TO PETROLEUM PRICES FOR MARCH 2016

 

ST. GEORGE’S, GRENADA, Wednesday, March 16, 2016: The General public is hereby informed that, effective, Friday March 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                     $12.30/IG            $12.30/IG

Diesel                          $11.30/IG             $11.20/IG

Kerosene                    $5.35/IG               $5.70/IG

 

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

20 lbs Cylinder                   $42.00                $42.00

100 lbs Cylinder                 $160.10               $163.35

Bulk                                       $1.70/lb             $1.70/lb

 

CARRIACOU

Products              Old Price               New Price

Gasoline                    $12.50/IG                $12.50/IG

Diesel                         $11.50/IG                $11.40/IG

Kerosene                    $5.55/IG                  $5.90/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             $186.35

Bulk                                       $1.70/lb             $1.70/lb

 

PETITE MARTINIQUE:

Products                    Old Price         New Price

Gasoline                          $7.00/IG           $7.00/IG

Diesel                               $6.00/IG          $5.90/IG

Kerosene                          $5.55/IG          $5.90/IG

 

The new Retail Prices are computed based on the average FOB costs: that is; (Ex-refinery prices), for the period, 15^th February, 2016 to 13^th March, 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.