The General public is hereby informed that effective, Tuesday, July 18th, 2023, the retail prices ofย petroleum products (Gasoline, Diesel, Kerosene and Liquefied Petroleum Gas, (LPG), commonlyย known as, Cooking Gas) in the State of Grenada will be as follows:
GRENADA, CARRIACOU, AND PETITE MARTINIQUEย
Products Old Price New Price Price Changeย
Gasoline $15.61/IG $15.24 $0.37 decrease
Diesel $14.44/IG $14.09 $0.35 decrease
Kerosene $10.25/IG $10.91 $0.66 increase
GRENADAย
L.P.G (Cooking Gas) Old Price New Price Price Changeย
20 lbs. Cylinder $40.00 $40.00 No Change
100 lbs. Cylinder $236.15 $234.90 $1.25 decrease
Bulk $2.45/lb. $2.45 No Change
CARRIACOU AND PETITE MARTINIQUEย
L.P.G (Cooking Gas) Old Price New Price Price Changeย
20 lbs. Cylinder $49.00 $49.00 No Change
100 lbs. Cylinder $259.15 $257.90 $1.25 decrease
Bulk $2.45/lb. $2.45 No Change
Notes:ย
- Effective January 18, 2023, a petrol tax of $3.50 is charged per imperial gallon of gasoline andย 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 asย 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 inย ย the 2023 Budget Speech.
- The new retail prices are computed based on the average of the actual cost, freight, andย ย insurance rates for Gasoline, Diesel, and Kerosene however, for LPG, the mean Caribbeanย ย postings (Platts) for cost was used over the period June 5, 2023, to July 3, 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/Consumerย ย
Affairs Unit in the Ministry of Legal Affairs of any instance of overpricing at telephoneย number: 440-1369
