NEWS RELEASE
MINISTRY OF FINANCE, PLANNING, ECONOMY, ENERGY & COOPERATIVES
NO. 42/2012 DATE: June 18, 2012
Significant Decrease in Petroleum Prices
St. George’s, Grenada, Monday, June 18, 2012: The General public is hereby informed that, effective, Monday 18th, June 2012, 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 $17.05/IG $15.85/IG
Diesel $15.67/IG $14.64/IG
Kerosene $12.93/IG $11.87/IG
L.P.G (Cooking Gas):
Old Price New Price
20 lbs Cylinder $45.00 $45.00
100 lbs Cylinder $278.25 $261.55
Bulk $2.84/lb $2.67/lb
CARRIACOU
Products Old Price New Price
Gasoline $17.21/IG $16.01/IG
Diesel $15.83/IG $14.80/IG
Kerosene $13.10/IG $12.04/IG
CARRIACOU & PETIT MARTINIQUE
L.P.G (Cooking Gas)
Old Price New Price
20 lbs Cylinder $54.00 $54.00
100 lbs Cylinder $301.25 $284.55
Bulk $2.84/lb $2.67/lb
PETIT MARTINIQUE
Products Old Price New Price
Gasoline $14.20/IG $13.00/IG
Diesel $12.82/IG $11.79/IG
Kerosene $13.10/IG $12.03/IG
The new Retail Prices are computed based on the average FOB costs: that is; (Ex-refinery prices), for the period, 14th May, 2012 to 13th June, 2012.
It important for the public to understand petroleum prices are likely to remain high. Consumers are 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