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Another adjustment has been made to the price of fuel and fuel products here that will result in a reduction in cost to consumers.

According to a news release from the Ministry of Commerce the new prices take effect today, July 29, 2013.

Despite recent increases in the price of oil, largely due to concern over the ongoing political dispute in Egypt, the Cabinet of Ministers decided to grant a reduction in the price of fuel products, based on the cost of recent imports of refined petroleum products to Saint Lucia.

As a result, unleaded Gasoline will be reduced by 10 cents, from $15.99 to $15.89 per gallon; Diesel will be reduced by 50 cents, from $15.85 to 15.35 per gallon;

There will also be a reduction of $2.02in the price of Kerosene. It will now be sold at $11.01 per gallon; 20lb LPG will be reduced by $1.25, from $37.00 to $35.75; while the 100lb LPG will be reduced by $22.00, from $275.75 to $253.75; and

Bulk LPG will be sold at $5.42 per kilogram, a reduction of 42 cents.

The statement notes that even after the price reductions, Government continues to subsidize the 20lb LPG (cooking gas) by $15.00 per cylinder.

The public is notified that the next price adjustment takes effect on October 21, 2013.

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