Petroleum price continues downward trend

Petroleum price continues downward trend

Saint Lucia now has the lowest retail price for unleaded gasoline in the Eastern Caribbean Currency Union (ECCU).

This is pursuant to the latest adjustments occasioned by changes in the price of crude oil on the international market.

Consumers in Saint Lucia will pay less for both gasoline and diesel as of Monday, February 1, 2016.

Gasoline will be sold for $0.51 less, at $9.72 per gallon, representing a drop below the existing price in every member state of the ECCU.

Diesel will be sold for $0.06 less, at $9.07 per gallon. Based on the existing prices of petroleum products across the ECCU, that is the third-lowest in the ECCU.

The retail prices of kerosene and all classes of liquid petroleum gas (LPG) – 100lb, 22lb and 20lb cylinders – remain unchanged from the previous period.

Below is a schedule of the retail prices for petroleum products:

Petroleum Product Existing Price New Price Change
Unleaded Gasoline $10.23 per gallon

$2.25 per Litre

$9.72 per gallon

$2.14 per Litre

Decrease by $0.51

Decrease by $0.11

Diesel $9.13 per gallon

$2.01 per Litre

$9.07 per gallon

$2.00 per Litre

Decrease by $0.06

Decrease by $0.01

Kerosene $5.40 per gallon

$1.19 per Litre

$5.40 per gallon

$1.19 per Litre

Unchanged
LPG:
20 Pound $24.97 per cylinder $24.97 per cylinder Unchanged
22 Pound $27.74 per cylinder $27.74 per cylinder Unchanged
100 Pound $174.74 per cylinder $174.74 per cylinder Unchanged
Bulk $1.62 per pound

$3.57 per kilogram

$1.62 per pound

$3.57 per kilogram

Unchanged

Government continues to subsidize the 20lb and 22lb LPG cylinders at a cost of $9.98 and $10.70 per cylinder respectively.

The next price adjustments will be made on February 22, 2016.

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1 Comment

  1. Anonymous
    February 1, 2016 at 8:53 am Reply

    In the future could you please indicate clearly that this is a press release and also from whom the press release is from. Otherwise we will think that the article is from your media house with all that bias and “patting self on the back” that the article contains.

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