Local News

Increase petroleum prices in Grenada

The General public is hereby informed that, effective Friday, February 22, 2008 the retail prices of petroleum products ( Gasoline, Diesel, Kerosene and LPG (Cooking Gas) in the State of Grenada will experience the under- mentioned changes:  

GRENADA     
     
  OLD PRICE  NEW PRICE 
Gasoline  $13.05/IG  $13.23/IG 
Diesel  $13.06/IG $13.35/IG
Kerosene  $10.53/IG  $10.78/IG
     
L.P.G (Cooking gas)     
  OLD PRICE  NEW PRICE
20  lb cylinder $41.00  $41.74 
100lb cylinder $202.50 $206.20
Bulk  $2.01/lb $2.05/lb
     
     
CARRIACOU     
  OLD PRICE  NEW PRICE
Gasoline $13.21/IG  $13.39/IG 
Diesel $13.22/IG $13.51/IG
Kerosene $10.69/IG  $10.95/IG
     
L.P.G (Cooking gas)     
  OLD PRICE  NEW PRICE
20  lb cylinder $45.50  $46.24
100lb cylinder $217.50 $220.70
Bulk $2.01/lb $2.05/lb
     
PETITE MARTINIQUE     
     
  OLD PRICE  NEW PRICE 
Gasoline  $10.21/IG $10.39/IG 
Diesel $10.22/IG $10.51/IG
Kerosene $10.69/IG $10.95/IG

 The new Retail Prices are computed based on the average FOB costs; that is; (Ex-refinery prices), for the period, December 21st to February 3rd, 2008.

The Government will continue to closely monitor that pricing mechanism and would adjust prices in accordance with subsequent market price movements. All consumers are encouraged to act wisely to conserve and use energy efficiently. This situation must not be abused by any persons involved in the sale of these products to gain excess profit. Consumers are encouraged to report any such incidences to the Price Control/ consumer Affairs Units of the Ministry of Finance.

The Government and Ministry empathize with the consumers and the Grenadian public in general for these and other increase in prices..

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