NO. 19/2016                                                       DATE: April 18, 2016

 

ADJUSTMENT TO PETROLEUM PRICES FOR APRIL 2016

 

ST. GEORGE’S, GRENADA Monday, April 18, 2016: The General public is hereby informed that, effective, Monday April 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                  $13.20/IG

Diesel                                        $11.20/IG                   $11.46/IG

Kerosene                                  $5.70/IG                     $5.96/IG

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

20 lbs Cylinder                        $42.00                        $42.00

100 lbs Cylinder                      $163.35                       $167.04

Bulk                                            $1.70/lb                       $1.73/lb

CARRIACOU

Products                          Old Price                    New Price

Gasoline                                 $12.50/IG                   $13.38/IG

Diesel                                      $11.40/IG                   $11.64/IG

Kerosene                                 $5.90/IG                     $6.15/IG

CARRIACOU & PETITE MARTINIQUE

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

20 lbs Cylinder                       $51.00                       $51.00

100 lbs Cylinder                     $186.35                      $190.04

Bulk                                          $1.70/lb                      $1.73/lb

PETITE MARTINIQUE:

Products                              Old Price                New Price

Gasoline                                 $7.00/IG                     $7.88/IG

Diesel                                      $5.90/IG                     $6.14/IG

Kerosene                                $5.90/IG                     $6.15/IG

 

The new Retail Prices are computed based on the average FOB costs: that is; (Ex-refinery prices), for the period, 14^th March, 2016 to 12^th April, 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.