Petroleum Products Price Change Notice – May 2023

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The General public is hereby informed that effective, Thursday, May 18th, 2023, the retail prices of petroleum products (Gasoline, Diesel, Kerosene and Liquefied Petroleum Gas, (LPG), commonly known as, Cooking Gas) in the State of Grenada will be as follows:

GRENADA, CARRIACOU AND PETITE MARTINIQUE
Products Old Price New Price Price Change
Gasoline $15.95/IG $15.69/IG $0.26/IG decrease
Diesel $15.94/IG $14.50/IG $1.44/IG decrease
Kerosene $12.22/IG $10.92/IG $1.30/IG decrease
       
GRENADA      
L.P.G (Cooking Gas) Old Price New Price Price Change
20 lbs Cylinder $40.00 $40.00 $0.00 No change
100 lbs Cylinder $255.83 $262.60 $6.75 increase
Bulk $2.65/lb $2.70/lb $0.05/lb increase
       
CARRIACOU & PETITE MARTINIQUE      
L.P.G (Cooking Gas) Old Price New Price Price Change
20 lbs Cylinder $49.00 $49.00 $0.00 No change
100 lbs Cylinder $278.85 $285.60 $6.75 increase
Bulk $2.65/1b $2.70/lb $0.05/lb increase
       

 

Learn more here

Notes:
• Effective January 18, 2023, a petrol tax of $3.50 is charged per imperial gallon of gasoline and diesel.
• Effective January 18, 2023, the price cap of $15.00 on petroleum products has expired.
• The Ministry of Finance continues to monitor petroleum product prices and will intervene as necessary if prices exceed $17.00.
• Petroleum Product Prices of Gasoline, Diesel, and Kerosene within the Tri-Island State of Grenada are now fully harmonized in line with statements made by the Minister of Finance in the 2023 Budget Speech.
• The new retail prices are computed based on the mean Caribbean postings (Platts) for cost and the average of the actual freight and insurance rates for Gasoline, Diesel, Kerosene and LPG over the period April 8, 2023, to May 6, 2023.
• Petroleum products are price-controlled goods; therefore, no retailer shall vary the stated prices.

Consumers are strongly encouraged to immediately notify the Price Control/Consumer Affairs Unit in the Ministry of Legal Affairs of any instance of overpricing at telephone number: 440-1369.

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