Saint Lucia: Retail prices of gasoline, diesel witness decrease

In keeping with changes in international oil prices and the government’s application of the modified market pass-through petroleum pricing mechanism, the retail prices of Gasoline, diesel, and the LPG 100 lb cylinder have changed. 

Saint Lucia: Retail prices of gasoline, diesel witness decrease
Saint Lucia: Retail prices of gasoline, diesel witness decrease

Castries, Saint Lucia: In keeping with changes in international oil prices and the government’s application of the modified market pass-through petroleum pricing mechanism, the retail prices of Gasoline, diesel, and the LPG 100 lb cylinder have changed. 

The retail prices of kerosene and the LPG 20 and 22 lb cylinders remain unchanged. The price changes have taken effect from Monday, September 26, 2022.

GASOLINE decreased from $3.95 to $3.89 per litre or $17.95 to $17.70 per gallon. Kerosene remains unchanged at $3.91 per litre or $17.77 per gallon. Diesel decreased from $3.95 to $3.89 per litre or $17.95 to $17.70 per gallon.

The 20-pound cylinder (9.07 kg) remains unchanged at $45.27 per cylinder. The 22-pound cylinder (9.98 kg) remains unchanged at $49.79 per cylinder. The 100-pound cylinder (45.36kg) increased from $303.53 to $318.64 per cylinder.

The subsidy has been offered for a 20 lb cylinder with a weight of 9.07 kg, which is $18.46 per cylinder; on the other hand, the subsidy for a 22 lb cylinder with a 9.98 kg stood at $20.31 per cylinder. The government of Saint Lucia will announce the next adjustment regarding the price of fuel products on Monday, October 17, 2022. 

The Government of Saint Lucia continues efforts to fight inflation, particularly as it disproportionately affects the most vulnerable.

As of September 26, the cost of the 20-pound cylinder (9.07 kg) is $45.27, while the cost of the 22-pound cylinder (9.98 kg) is $49.79. The 20-lb cylinder (9.07kg) is being subsidized at $18.46 per cylinder and the 22-lb cylinder (9.98kg) is being subsidized at $20.31 per cylinder.

Without the subsidies, the 20-lb cylinder would cost $63.73, and the 22-lb cylinder would cost $70.10.