DIP IN LPG PRICE

admin Ministry News

Consumers will be paying slightly less for Liquefied Petroleum Gas (LPG) from today.

According to Government???s Division of Energy, ???the retail price of LPG will be decreased from Bds. $134.70 per 100 lb cylinder to Bds. $134.24 per 100 lb cylinder; from ??$36.26 per 25 lb cylinder to $36.15 per 25 lb cylinder; and the 20 lb cylinder from ??$29.01 to $28.93. This amounts to a decrease of $0.46 per 100 lb cylinder; $0.11 per 25 lb cylinder; and $0.09 for the 20 lb cylinder.???

Government has a mechanism in place to adjust petroleum prices in a more timely fashion, whereby prices will be adjusted monthly by the Ministry of Economic Affairs, Empowerment, Innovation, Trade, Industry and Commerce on the advice of the Division of Energy.

This mechanism is now in use and price changes will be more frequent (i.e. up or down) in accordance with the imported prices of petroleum products.

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