Higher Gas Prices for July 2014

The general public is hereby informed that, effective, Friday 18 July, 2014, the retail prices of petroleum products (Gasoline, Diesel, Kerosene and LPG {Cooking Gas}) in the State of Grenada will be as follows:

GRENADA
Products Old Price New Price
Gasoline $15.83/IG $16.23/IG
Diesel $ 15.68/IG $15.88/IG
Kerosene $12.08/IG $12.29/IG
L.P.G. (Cooking Gas):
20 lb Cylinder $45.00 $45.00
100 lb Cylinder $263.23 $265.03
Bulk $2.69/lb $2.71/lb
CARRIACOU
Gasoline $15.99/IG $16.40/IG
Diesel $15.84/IG $16.06/IG
Kerosene $12.25/IG $12.47/IG
CARRIACOU & PETITE MARTINIQUE
L.P.G. (Cooking Gas)
20 lb Cylinder $54.00 $54.00
100 lb Cylinder $286.23 $288.03
Bulk $2.69/lb $2.71/lb
PETITE MARTINIQUE
Gasoline $12.99/IG $13.41/IG
Diesel $12.83/IG $13.06/IG
Kerosene $12.24/IG $12.48/IG

 

The new Retail Prices are computed based on the average FOB costs, that is ex-refinery prices, for the period, 13 June to 13 July, 2014.

It important for the public to understand that petroleum prices are likely to remain high since Grenada imports nearly all of its fuel. Consumers are, therefore, urged to act wisely by conserving and using energy efficiently.

Furthermore, consumers are encouraged to immediately notify the Price Control/Consumer Affairs Unit in the Ministry of Finance at 440-1369, about any instance of overpricing.

Energy Division
Ministry of Finance and Energy

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