Antigua and Barbuda: Gasoline prices goes up by $3.20 per gallon, reaches $15.70

The people of Antigua and Barbuda will have to pay more to drive their vehicles as the government has announced plans to increase fuel prices in the country.

Fuelling car
Fuelling car

Antigua and Barbuda: The people of Antigua and Barbuda will have to pay more to drive their vehicles as the government has announced plans to increase fuel prices in the country.

According to the data, gasoline prices will increase with a hike of $3.20 per gallon, from $12.50 to $15.70 per gallon. Meanwhile, the prices of diesel also inclined by $3.30 cents, reaching $15.50 from $12.20.

The adjustments went into effect at 12 am on Tuesday, following the government’s admission that it could no longer withstand the steep increase in the price of petroleum goods following Russia’s invasion of Ukraine.

Prime Minister Gaston Browne’s government said it had a price stabilisation system in place to protect motorists. But, as global crude oil prices escalated, it was forced to subsidise the retail price of gasoline.