Gas prices decrease from $15.85 per gallon to $13.64.
Effective today, January 12, consumers in Saint Lucia will pay less for gasoline, diesel, kerosene, 20-pound LPG (liquid petroleum gas), 22-pound LPG, 100-pound LPG and bulk LPG.
The price of gasoline will decline from $15.85 per gallon to $13.64. This will yield a reduction of $2.21 per gallon. The price of diesel will fall from $15.14 to $13.21 a gallon, a saving of $1.93 a gallon.
Consumers will realize savings of $4.04 on a 20-pound tank of LPG and $4.43 on a tank of 22-pound LPG (cooking gas). The price of 100-pound LPG cylinders will be reduced by $20.17, from $255.94 to $235.77.
The new retail prices for these products are summarized as follows:
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Petroleum Products
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Old Retail Price
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New Retail Price
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Change
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Gasoline
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$3.49 per litre or
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$3.00 per litre or
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Decline of $0.49 per litre or
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|
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$15.85 per gallon
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$13.64 per gallon
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Decline of $2.21 per gallon
|
|
Diesel
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$ 3.33per litre or
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$2.90 per litre or
|
Decline of $0.43 per litre
|
|
|
$15.14 per gallon
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$13.21per gallon
|
Decline of $1.93 per gallon
|
|
Kerosene
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$2.52per litre or
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$2.22 per litre or
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Decline of $0.30 per litre
|
|
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$11.44per gallon
|
$10.11per gallon
|
Decline of $1.33 per gallon
|
|
100-Pound Cylinder LPG
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$255.94 per cylinder
|
$235.77per cylinder
|
Decline of $20.17 per cylinder
|
|
Bulk LPG
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$5.47 per kilogram
|
$5.02 per kilogram
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Decline of $0.45 per kilogram
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|
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$2.48 per pound
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$2.28 per pound
|
Decline of $0.20 per pound
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The Government of Saint Lucia refutes the claim that the Government “is making about $6.80 on every gallon of gas.” The Excise Tax, as announced in the last Budget remains at $2.50 per gallon.
Despite the current economic conditions and increased pressure to reduce expenditure, Government will continue to maintain the subsidies of $14.26 per 20-pound cylinder of LPG and $15.30 per 22-pound cylinder of LPG during this cycle.
The next fuel price adjustment is due on April 5, 2015 and will be determined by the landed cost of these products over the review period.