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Motorists will pay less for gasoline and diesel, as the prices are adjusted here today.

In keeping with the schedule of price changes under the Modified Market Pass-Through Mechanism, petroleum prices have been adjusted to reflect the movement in import prices over the October 2013 to January 2014 period.

Consistent with a decline in the import price for gasoline, the government has reduced the price of gasoline by $0.45 cents per gallon from $16.30 to $15.85. A statement from the Prime Minister’s office notes that despite an increase in the import price for diesel, it has reduced by $0.11 cents per gallon, resulting in a reduction in the excise tax on diesel.

The statement further notes that based on the new retail prices, government continues to subsidize both the 20 pound and the new 22 pound cylinder of cooking gas or LPG, at a rate of $16.34 and $17.60 respectively for the next three months.  

Despite the increase in import prices, the Government of Saint Lucia has made a deliberate decision not to increase the price of the 20 pound LPG cylinder and to maintain such a high subsidy.

Meanwhile, the price of kerosene will increase by eleven (11) cents per gallon, bulk LPG by fourteen (14) cents per kilogram, while 100 pound LPG will increase by $8.47 per cylinder. The increase in the 100 pound LPG cylinder represents a reduction in the subsidy on these cylinders.
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