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Petroleum prices have been adjusted effective Monday, October 20 2014, to reflect changes in import prices of fuel products from July to October 2014.

The announcement which was released by the office  of the Prime Minister notes that while there have been slight decreases in the price of diesel, kerosene,  100lb LPG Cylinder and bulk LPG, the price of gasoline, the 20lb LPG and the 22lb LPG cylinders remain unchanged.

The new gasoline prices are $3.49per litre or $15.85 per gallon. Diesel has declined from $3.34 per litre or 15.18 per gallon to $3.33 per litre or $15.18 per gallon. The 100 pound LPG cylinder has declined from $260.58 to $259.94. The 20 and 22 pound LPG cylinder remain at $36.93 and $41.00 respectively and bulk LPG has declined from $5.57 to $5.47 per kilogram

The statement adds that even with this price adjustment, the revenue collected on fuel is below the projected intake as announced in the 2014/2015 budget. However, the Cabinet of Ministers has agreed to forgo the targets so as to ensure that the public can benefit from current reductions in the landed price of some petroleum products.

The next price adjustment will be due on Monday, January 12, 2015.
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