RESIDENTS of Barbados will pay less for some petroleum products today, but the price of liquefied petroleum gas (LPG) increased after price adjustments came into effect at midnight.
The retail price of gasoline fell from $3.19 per litre to $2.97; diesel moved from $2.20 per litre to $2.11 per litre; and kerosene will now retail at $1.00 per litre, down from $1.18 per litre.
However, residents will pay more for LPG.
According to a statement from the Division of Energy, the price of the 100 pound (lb) cylinder will move from $151.29 to $151.71, an increase of 42 cents and the 25-lb cylinder will now retail at $43.03, up from $42.92.
The new price of the 22-lb cylinder is $38.03, an increase of nine cents. There will be an increase of eight cents on the price of the 20-lb cylinder, which will now retail for $34.57.
These adjustments in retail prices are due solely to changes in the CIF (cost, insurance, freight) of these refined products. (BGIS)
