Government reduces 100 pound cylinder of gas as latest review takes effect
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Government reduces 100 pound cylinder of gas as latest review takes effect |
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Contact: Shannon Lebourne
Tuesday 7 June 2011 – The Ministry of Commerce, Industry and Consumer Affairs has announced adjustments in the prices of petroleum products consistent with fluctuations in international crude oil prices.
Effective Monday June 6, 2011 the retail prices of gasoline increased by twenty-five cents from $EC15.38 – $EC15.63.
Director of Consumer Affairs Phillip Mc Lauren says drivers and owners of diesel vehicles will benefit from a slight reduction in diesel prices from $EC15.57 to $EC15.55 per imperial gallon.
“The only commodity that showed an increase in price this month is gasolene at the pumps and that was an increase of twenty five cents, all the other petroleum products like diesel and the twenty and 100 pound LPG cylinders has shown a decrease in the price.”
The cost of the 20 pound cylinder of LPG has gone down by $EC0.52 from $EC 39.48 – $EC 438.38.
The cost for the 100 pound cylinder has been reduced from $EC 272.31 to $EC 266.91.
The Consumer Affairs Director says the latest prices adjustments are good news for local consumers.
“During the budget address this year the minister for finance indicated that government would increase the subsidy on the 20 pound cylinder of LPG from $EC 10 to $EC 15 and that decision is also impacting on the price of the commodity but the fact is that we are going to see downward movement in the price of the commodity which augers well for the consumer.”
The public is advised that the retail price of kerosene remains unchanged at $EC 6 per imperial gallon. In keeping with the Fuel Pass-Through Mechanism the prices of petroleum products will next be adjusted on July 4, 2011. |
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