Tuesday, September 17, 2019

Retail Prices For LPG Drop In Latest Fuel Adjustments

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Press Release:-  The Public is hereby notified that in keeping with changes in international oil prices and Government’s application of the modified market pass-through petroleum pricing mechanism, the retail price of LPG 20, 22 and 100 lb cylinders has changed. The price of gasoline, diesel and kerosene remains unchanged. The price changes take effect from Monday March 04, 2019:

  • Gasoline remains unchanged at $3.07 per litre or $13.95 per gallon
  • Diesel remains unchanged at $3.07 per litre or $13.95 per gallon
  • Kerosene remains unchanged at $1.81 per litre or $8.21 per gallon
  • 20 Pound Cylinder (9.07 kg) decreased from $32.91 to $32.06 per cylinder
  • 22 Pound Cylinder (9.98 kg) decreased from $36.48 to $35.54 per cylinder
  • 100 Pound Cylinder (45.36kg) decreased from $207.07 to $202.83 per cylinder

The Public is informed that the next adjustment of the retail price of fuel products will be on Monday March 25, 2019.

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4 COMMENTS

  1. Is this monthly change really necessary? Does the international oil price really change so frequently? And if it does how is it changing? Who really are the ones benefiting from those changes? Is this just another way to keep taking the ching ching from our pockets? What’s going on here? In all the things this government is or have changed this one seems to be working really well to remain.

  2. All the big boys filling their pockets on our behalf and suffering,they handle the markets .When they want to make more money they just invent that this week there is less oil offered in the market,so the price goes up.

  3. My understanding of this fuel adjustment mechanism is based on the global price of crude oil per barrel. It fluctuates synchronously with those prices.

    The same applies when Lucelec bills consumers for electricity used, in the Usage Blk 1 category and was fixed at 0.6800 cent per kilowatts.

    Now that, according to the same scheme, I’d like to know why the multiplier was raised to 0.7640 beginning for the February cycle, considering that prices were presumably dropped.

    In effect we’ll be paying 0.84 cents more per kilowatts used.

Comments are closed.

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