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Press Release – Retail Prices of Petroleum Products Decrease

Press Release

Retail Prices of Petroleum Products Decrease

The Public is hereby notified that in keeping with the changes in international oil prices, the retail prices of petroleum products have been decreased with the exception of Kerosene.

These adjustments reflect developments in international oil prices over the past three weeks, July 4-24, 2016.Overall, there has been a reduction in fuel at the pump by $0.53 cents and $0.40 cents for gasoline and diesel respectively.

Kerosene remained unchanged at $6.39 per imperial gallon as there was no importation of this product during the reference period. Additionally, the retail prices of the 20, 22, and 100 pound cylinders and bulk LPG will be decreased by 21 cents, 24 cents, $1.06 cents and one cent per pound respectively.

Fuel Price Adjustments Effective Monday August 1st, 2016
Fuel Product Unit Existing Price New Price Price Change
Unleaded Gasoline Per Gallon $11.23 $10.70 -$0.53 Decreased
Per Litre $2.47 $2.35 -$0.12 Decreased
Diesel Per Gallon $10.29 $9.89 -$0.40 Decreased
Per Litre $2.26 $2.18 -$0.08 Decreased
Kerosene Per Gallon $6.39 $6.39 $0.00 Unchanged
Per Litre $1.41 $1.41 $0.00
Liquefied Propane Gasoline (LPG)
          20 Pound Per Pound $26.68 $26.47 -$0.21 Decreased
          22 Pound Per Pound $29.63 $29.39 -$0.24 Decreased
          100 Pound Per Pound $182.16 $181.10 -$1.06 Decreased
Bulk (Wholesale) Per Pound $1.69 $1.68 -$0.01 Decreased
Per Kilogram $3.73 $3.71 -$0.02 Decreased

The next price change is scheduled to take effect on Monday, August 22nd, 2016.

ENDS

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