Effective midnight Sunday, May 6, the retail prices of gasoline, diesel and kerosene will increase while the price of liquefied petroleum gas (LPG) will fall.
The new retail price of gasoline will be $3.40 per litre, up from $3.31. The price of diesel will move from $2.60 per litre to $2.61, while the price of kerosene will be $1.46 per litre, up from $1.36. These represent increases of nine cents, one cent and ten cents per litre, respectively.
The retail prices of LPG will be adjusted from $169.88 to $162.39 per 100 lb cylinder, a decrease of $7.49; from $47.57 to $45.70 per 25 lb cylinder, a decrease of $1.87; from $42.03 to $40.38 per 22 lb cylinder, a decrease of $1.65; and from $38.21 per 20 lb cylinder to $36.71, a decrease of $1.50.
The adjustments in the retail prices of these products are in keeping with Government’s policy to allow retail oil prices to be reflective of those on the international market.