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
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, 15th February, 2016 to 13th 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.