Friday, March 29, 2024

Prices of petroleum products increase for April

Date:

Share post:

Consumers in Barbados will be paying more for petroleum products, effective midnight, Sunday, April 3.

The price of gasoline will be $4.13 a litre, an increase of 14 cents. Diesel will cost $3.45, and kerosene, $2.11, an increase of 14 cents, and 31 cents, respectively.

A statement issued by Barbados Government Information Service today said: “In an effort to shield consumers from the full increase of refined petroleum products, Government announced in its Budget and Financial Proposal 2022 the capping of the Value Added Tax on gasoline and diesel. However, in light of increasing oil prices internationally, the prices had to be adjusted upward for April.”

Meanwhile, the adjusted price of the LPG 100-lb cylinder will be $167.69. The 25-pound cylinder will retail at $47.02; the 22-pound cylinder, $41.55, and the 20-pound cylinder, $37.77.

These changes are in keeping with the retail prices of these products on the international market. (BGIS)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Natassia’s journey from tragedy to triumph

In a world often characterised by turbulence and uncertainty, a beacon of hope often emerges from some of...

No decision yet on Lester Vaughan School

A firm decision has not yet been made regarding when the Lester Vaughan School will be reopened. Following a...

BDF to conduct simulation exercise on April 2 & 3

The Barbados Defence Force (BDF) will conduct a Mass Casualty Simulation Exercise from Tuesday, April 2, to Wednesday,...

Barbadians reminded to file taxes online as filing season starts

The Barbados Revenue Authority (the BRA) is advising that tax filing season for 2023 begins on April 1 this...