Tuesday, January 17, 2012

Adjustment in the Price of Petroleum Products January 2012


ST. GEORGE’S GRENADA, Tuesday, January 17, 2012: The General public is hereby informed that, effective, Wednesday 18th, January 2012, the retail prices of petroleum products (Gasoline, Diesel, Kerosene and LPG {Cooking Gas}) in the State of Grenada will be as follows:

GRENADA
Products                                 Old Price                                             New Price
Gasoline                                  $14.99/IG                                             $15.12/IG
Diesel                                      $15.26/IG                                             $15.01/IG
Kerosene                                 $11.82/IG                                              $12.09/IG    

L.P.G (Cooking Gas):        Old Price                                               New Price
20 lbs Cylinder                       $45.00                                                   $45.00
100 lbs Cylinder                     $269.01                                                 $264.97
Bulk                                       $2.75/lb                                                $2.71/lb                    

CARRIACOU
Products                                 Old Price                                            New Price
Gasoline                                  $15.15/IG                                             $15.28/IG
Diesel                                      $15.42/IG                                             $15.17/IG
Kerosene                                 $12.51/IG                                             $12.25/IG

CARRIACOU & PETIT MARTINIQUE
L.P.G (Cooking Gas)            Old Price                                             New Price
20 lbs Cylinder                        $54.00                                                 $54.00
100 lbs Cylinder                      $292.01                                               $287.97          
Bulk                                         $2.75/lb                                              $2.71/lb

PETIT MARTINIQUE:
Products                                 Old Price                                            New Price
Gasoline                                  $12.15/IG                                           $12.28/IG
Diesel                                      $12.42/IG                                           $12.17/IG
Kerosene                                 $12.51/IG                                           $12.25/IG

The new Retail Prices are computed based on the average FOB costs: that is; (Ex-refinery prices), for the period, 13th December, 2011 to the 12th January, 2012
It important for the public to understand that notwithstanding efforts by Government, petroleum prices are likely to remain high and continue to rise in the next few months. It should be noted that Grenada imports nearly all of its fuel.  
Consumers are urged to act wisely by conserving and using energy efficiently.  
Furthermore, consumers are encouraged to immediately notify the Price Control/Consumer Affairs Unit in the Ministry of Finance of any instance of overpricing at telephone number 440-1369.
Energy Division

No comments: