Higher Gas Prices for May 2015

The General public is hereby informed that, effective Monday, 18 May 2015, 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 $12.99/IG $13.70/IG
Diesel $11.85/IG $12.52/IG
Kerosene $7.79/IG $8.49/IG
LPG (CookingGas)
20 lb Cylinder $40.16 $42.32
100 lb Cylinder $195.41 $206.20
Bulk $2.01/lb $2.12/lb
CARRIACOU
Gasoline $13.17/IG $13.88/IG
Diesel $12.03/IG $12.70/IG
Kerosene $7.99/IG $8.68/IG
CARRIACOU & PETITE MARTINIQUE
LPG (Cooking Gas)
20 lb Cylinder $49.16 $51.32
100 lb Cylinder $218.41 $229.20
Bulk $2.01/lb $2.12/lb
PETITE MARTINIQUE
Gasoline $9.17/IG $9.88/IG
Diesel $8.03/IG $8.70/IG
Kerosene $7.99/IG $8.68/IG

 

The new retail prices are computed based on the average FOB costs: that is; (Ex-refinery prices), for the period 12 April 2015, to 12 May, 2015.

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 of any instance of overpricing at telephone number 440-1369.

Energy Division
Ministry of Finance and Energy

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