Barbadians are now paying a bit more for gasoline and diesel and slightly less for kerosene and cooking gas.
Effective midnight, the retail price of gasoline increased by 10 cents from $3.50 per litre to $3.60.
The price of diesel moved from $2.75 per litre to $2.90 – an increase of 15 cents. The price of kerosene dipped by five cents; this is now retailing at $1.75 per litre.
Meantime, the retail price of LPG decreased in keeping with the imported price of petroleum products.
The 100-pound cylinder is now retailing at $176.52 – down $1.53.
The 25-pound cylinder now costs $49.23 – a dip of 37 cents; while the 22-pound cylinder is retailing at $43.49 – a decrease of 36 cents. The 20-pound cylinder now costs $39.53, a saving of 32 cents.
A statement from Government explained that a mechanism is in place to adjust petroleum prices in a more timely fashion, whereby prices will be adjusted monthly by the Ministry of Trade on the advice of the Division of Energy.
That mechanism is now in use and price changes will be more frequent in accordance with the imported prices of petroleum products.