Higher Gas Prices for May 2016

The General public is hereby informed that effective Wednesday, 18 May 2016, 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 Prices New Prices
Gasoline $13.20/IG $13.50/IG
Diesel $11.46/IG $12.04/IG
Kerosene $5.96/IG $6.45/IG
LPG (Cooking Gas)
20 lb Cylinder $42.00 $42.00
100 lb Cylinder $167.04 $174.60
Bulk     $1.73/lb $1.85/lb
CARRIACOU
Gasoline  $13.38/IG $13.68/IG
Diesel $11.64/IG $12.22/IG
Kerosene $6.15/IG $6.64/IG
CARRIACOU & PETITE MARTINIQUE
LPG (Cooking Gas)
20 lb Cylinder $51.00 $51.00
100 lb Cylinder $190.04 $197.60
Bulk $1.73/lb $1.85/lb
PETITE MARTINIQUE
Gasoline $7.88/IG $8.18/IG
Diesel $6.14/IG $6.72/IG
Kerosene $6.15/IG $6.64/IG

The new Retail Prices are computed based on the average FOB costs: that is; (Ex-refinery prices), for the period 14 April to 12 May 2016.

It’s 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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