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New petroleum prices take effect today

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Contact: Claudia Monlouis


Monday 17 January 2011  The Ministry of  Commerce, Industry and Consumer Affairs has announced changes to the prices of petroleum products effective   Monday January 17, 2011. The changes in retail rates will remain stable until February 14, 2011.


Director of Consumer Affairs Mr. Phillip McClauren says the adjustments depend on international indicators.


“Well   we now use what we call the market pass-thru mechanism for the sale of petroleum products on the local market. Every four weeks the prices of these commodities would change every four weeks whether up or down depending on the price on the international market.”


Mr. Clauren  says  a statutory instrument has  given force to those new rates  resulting in an increase in the price of the following commodities:


“Gasoline  from $13.13 per imperial gallon (2.89 per litre) to 13.63 per imperial gallon ($3.00).

Diesel from $13.24 per imperial gallon (2.91)  per litre to13.65 per imperial gallon ($3.00)

20 pound (9.07 kg) LPG from 34.60  per cylinder

100 pound cylinder (45.36 kg) LPG from 222.80 per cylinder.

The public  is advised that the retail price for kerosene remains at $6.00 per imperial gallon ($1.32) per litre.”



McClauren says though the Market Pass-Thru system comes with fluctuations, retailers  have been informed of price adjustments on  time  and so far have given positive feedback in regard to the new mechanism that the island has adopted. 


The Market Pass-Thru system was implemented in Saint Lucia, in September 2009.

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