Further Decrease in Gas Prices

Further Decrease in Gas Prices

Consumers in Saint Lucia will pay less for both gasoline and diesel as of Monday, February 22, 2016.  That is pursuant to reductions in the price of crude oil on the international market.

Gasoline will be sold for $0.04 less, at $9.68 per gallon. Diesel will be sold for $0.35 less, at $8.72 per gallon. There have also been reductions to the retail prices of liquid petroleum gas (LPG) – 100lb, 22lb and 20lb cylinders. The retail price of kerosene remains unchanged.

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

Petroleum Product

Existing Price

New Price

Change

Unleaded Gasoline

$9.72 per gallon

$2.14 per Litre

$9.68 per gallon

$2.13 per Litre

Decrease by $0.04

Decrease by $0.01

Diesel

$9.07 per gallon

$2.00 per Litre

$8.72 per gallon

$1.92 per Litre

Decrease by $0.35

Decrease by $0.08

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

$22.73 per cylinder

Decrease by $2.24

22 Pound

$27.74 per cylinder

$25.28 per cylinder

Decrease by $2.46

100 Pound

$174.74 per cylinder

$153.54 per cylinder

Decrease by $21.20

Bulk

$1.62 per pound

$3.57 per kilogram

$1.41 per pound

$3.10 per kilogram

Decrease by $0.21

Decrease by $0.47

Given the further reduction in the landed price of LPG, the Government of Saint Lucia has decided to pass part of the reduction on to consumers via subsidy. The 20lb and 22lb LPG cylinders will be subsidized at a cost of $7.98 and $8.50 per cylinder, respectively.

The next price adjustments will be made on March 14, 2016.

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