St Lucia witnesses change in fuel price, LPG cost decreases, diesel increases

The Government of St Lucia has announced the new prices of various fuel products due to which the country witnessed the decline in LPG and 100 lb cylinders and price of the diesel has increased.

St Lucia witnesses change in fuel price, LPG cost decreases, diesel increases
St Lucia witnesses change in fuel price, LPG cost decreases, diesel increases

Castries, St Lucia: The Government of St Lucia has announced the new prices of various fuel products due to which the country witnessed the decline in LPG and 100 lb cylinders and price of the diesel has increased. 

The Government of St Lucia stated that in keeping with changes in international oil prices and the Government’s application of the modified market pass-through petroleum pricing mechanism, the retail price of diesel and gasoline have increased as a result of global record high prices. 

A barrel of crude oil is at an all-time high of USD$123.16 compared to 2019, when the cost per barrel peaked at USD64.30. The Government of Saint Lucia is now subsidising gasoline at $0.44 per gallon and receives an excise tax of $1.27 for diesel.

The price for LPG 20, 22 and 100 lb cylinders has decreased. The Government continues to subsidise the 20 and 22 lb cylinders by $26.15 and $28.76, respectively. The retail price of kerosene remains unchanged. The price changes take effect from Monday, June 13, 2022.

Here is the full list of the price of the various fuel products: 

  • Gasoline increased from $3.51 to $3.95 per litre or $15.95 to $17.95 per gallon
  • Kerosene remains unchanged at $3.74 per litre or $16.98 per gallon
  • Diesel increased from $3.65 to $3.95 per litre or from $16. 58 to $17.95 per gallon
  • 20 Pound Cylinder (9.07 kg) decreased from $43.84 to $43.78 per cylinder
  • 22 Pound Cylinder (9.98 kg) decreased from $48.22 to $48.16 per cylinder
  • 100 Pound Cylinder (45.36 kg) decreased from $350.17 to $349.64 per cylinder

The Public is informed that the next adjustment of the retail price of fuel products will be on Monday, July 4, 2022.