Consumers will see no increase in prices at the fuel pump for the next three weeks, but households and businesses using larger cooking gas cylinders will have to pay more.
The Government announced in a statement last night that gasoline and diesel remain unchanged at $3.52 per litre ($16.00 per gallon) for the period April 20 to May 10, while kerosene also remains steady at $2.12 per litre ($9.66 per gallon).
For most households, the news is similarly stable, with the 20 lb gas cylinder remaining at $34.00 and the 22 lb cylinder at $38.00.
However, the cost of the 100 lb cylinder has increased significantly from $238.50 to $263.50, while bulk LPG has risen from $2.26 to $2.51 per pound.
The government says it continues to cushion the impact of global oil price volatility through targeted subsidies.
For this pricing period, diesel is being subsidised by $2.34 per gallon, and kerosene carries a subsidy of $8.61 per gallon. LPG subsidies remain significant, including $36.04 on 20 lb cylinders and $39.04 on 22 lb cylinders.
Without these subsidies, the Philip J Pierre administration said, consumers would be paying more than double the current price for the smaller gas cylinders – about $70.04 for a 20 lb cylinder and over $77.04 for a 22 lb cylinder.
“These interventions aim to protect households and key sectors of the economy from external price shocks,” the government statement said.
The latest adjustments in the price of fuel products are in keeping with changes in international oil prices and the government’s application of the modified market pass-through petroleum pricing mechanism.
The next fuel price adjustment is scheduled for May 11.
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