Effective midnight, Barbadians will have to dig a bit deeper into their pockets to pay for gas and several other petroleum products.
A statement from the Division of Energy tonight announced that the price gasoline will increase by six cents per litre, from $3.02 to $3.08, while the cost of diesel goes up just slightly by one cent per litre from $2.30 to $2.31.
The price of liquefied petroleum gas (LPG) also rises from $155.75 per 100 lb. cylinder to $159.51 per 100 lb. cylinder — that’s an increase of just under four dollars. The cost of the 25 lb. cylinder increases by 94 cents from $44.04 to $44.98 while the price of the 22 and 20 lb cylinders moves up to $39.74 and $36.13 respectively.
The only product that is set to register a decline in price is kerosene, which drops by three cents per litre from $1.21 to $1.18.
Government said the adjustments in retail prices were due solely to changes in the cost, insurance, freight (CIF) of the refined products.