Friday, November 15, 2019

The Cost Of LPG Decreases In New Fuel Price Adjustments

The prices of LPG have decreased in the latest adjustments announced by the government, while the retail prices of gasoline (unleaded) and diesel remain unchanged.

The price of kerosene has gone up.

The price adjustments take effect from Monday, December 31, 2018, according to a government release.

Th release stated that the adjusted prices are as follows:

  • 20 Pound Cylinder (9.07 kg) decreased from $33.44 to $32.91 per cylinder
  • 22 Pound Cylinder (9.98 kg) decreased from $37.06 to $36.48 per cylinder
  • 100 Pound Cylinder (45.36kg) decreased from $207.60 to $204.95 per cylinder
  • Kerosene increased from $2.05 to $2.09 per litre or $9.31 to $9.50 per gallon
  • 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

The adjustments are in keeping with changes in international oil prices and Government’s application of the modified market pass-through petroleum pricing mechanism.

The  government press release disclosed that the retail prices of fuel products will be adjusted on Monday, January 20, 2019.

 

6 COMMENTS

  1. the rationale of fluctuating prices by a few cents is absolutely ridiculous to me…….why not just cap the price at $35 and done!??

    and any argument pertaining to the poor holds no weight, in my mind because anybody who has to buy a tank of gas in the first place out to be able to pay the extra dollar and cents. and what if by that mechanism, the price increases to over $35; would they NOT buy it because they can’t afford…??

  2. It’s amazing that the price for crude oil on the world market continues to plunge downwards,to less than $65 per barrel and yet still our prices remained unchanged.I’m definitely for an orange match,we need to uncapped the fuel surcharge, because I’m feeling it in my pocket. Our road conditions are still so bad especially the Millennium Road which needs immediate attention.its creating a big hole in my pocket, I have to spend money,which I don’t have on spare parts, I’m hoping that starting from tomorrow,when 2019,begins, I’ll see an improvement in our Road network, because we are definitely paying too much for fuel, whilst it’s decreasing on the World Market.

    • Imagine that huh. This pass through mechanism is pure robbery. When crude dropped to $40.00 or almost 75% or fuel prices dropped by half of that. And it has been a disaster ever since.

Comments are closed.

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