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Effective today – Monday, January 12, 2015 – consumers in Saint Lucia will pay less for gasoline, diesel, kerosene, 20-pound LPG (liquid petroleum gas), 22-pound LPG, 100-pound LPG and bulk LPG.
The price of gasoline will decline from $15.85 per gallon to $13.65. This will yield a reduction of $2.20 per gallon. The price of diesel will fall from $15.14 to $13.21 a gallon, a saving of $1.93 a gallon.
Consumers will realize savings of $4.04 on a 20-pound tank of LPG and $4.43 on a tank of 22-pound LPG (cooking gas). The price of 100-pound LPG cylinders will be reduced by $20.17, from $255.94 to $235.77.
The new retail prices for these products are summarized as follows:
A statement issued by the Office of the Prime Minister today emphasizes that it is absolutely false to claim that the Government “is making about $6.80 on every gallon of gas.” The Excise Tax, as announced in the last Budget remains at $2.50 per gallon, lower than the $3.00 per gallon charged by the former UWP administration.
The statement adds that despite the current economic conditions and increased pressure to reduce expenditure, Government will continue to maintain the subsidies of $14.26 per 20-pound cylinder of LPG and $15.30 per 22-pound cylinder of LPG during this cycle.
The next fuel price adjustment is due on April 5, 2015 and will be determined by the landed cost of these products over the review period.
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