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    April 24

  • 06:28 AM

Drop in gas, diesel and LPG prices

BGIS,

Added 06 November 2016

gaspump

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)

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