Petroleum Products Price Change Notice – September 2023

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The General public is hereby informed that effective, Monday, September 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 $15.58/IG $16.88/IG $1.30 Increase
Diesel $14.41/IG $16.25/IG $1.84 Increase
Kerosene $11.72/IG $13.13/IG $1.41 Increase
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 $244.25 $268.75 $24.50 Increase
Bulk $2.55/lb $2.75/lb $0.20 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 $267.25 $291.75 $24.50 Increase
Bulk $2.55/1b $2.75/lb $0.20 Increase

 

Learn more here

• 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 average of the actual cost, freight, and insurance rates for Gasoline, Diesel, and Kerosene however, for LPG, the mean Caribbean postings (Platts) for cost was used over the period August 2, 2023, to August 30, 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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