New petroleum prices take effect today
|
New petroleum prices take effect today |
|
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. |
|
© 2011 Government Information Service. All rights reserved. Read our privacy guidelines.
|
