Consumers will be paying less at the pump.
EFFECTIVE MIDNIGHT, Sunday, November 6, the retail price of gasoline and diesel will fall, while there will be a slight increase in the price of kerosene.
The retail price of gasoline will be reduced from $2.91 per litre to $2.84, a decrease of seven cents, while the price of diesel will drop from $2.09 per litre to $2.07, a saving of two cents per litre. The price of kerosene will increase by one cent from $1.05 per litre to $1.06.
Meanwhile, the price of liquefied petroleum gas (LPG) will also fall, effective midnight on Sunday. The retail price of the 100 lb cylinder will move from $135.16 to $134.37. The 25 lb cylinder will now retail at $38.69, down from $38.89, while the price of the 22 lb cylinder will move from $34.39 to $34.21. The new price of the 20 lb cylinder is $31.10, down from $31.26.
These changes in the price of LPG amount to decreases of 79 cents per 100 lb cylinder; 20 cents per 25 lb cylinder; 18 cents per 22 lb cylinder; and 16 cents per 20 lb cylinder.
These adjustments in retail prices are due solely to changes in the CIF (cost, insurance and freight) of these refined products. (BGIS)