LPG Prices Up

admin Ministry News

Consumers are paying more for Liquefied Petroleum Gas (LPG) from today.

From midnight, Sunday, September 6, the retail price of LPG was increased in keeping with the imported prices of petroleum products. As a consequence, the price of the 100-pound cylinder was raised by $8.51 from $134.24 to $142.75. The 25-pound cylinder will now cost $38.28, up by $2.13, while the 20-pound cylinder will now be retailed at $30.62 – an increase of $1.69.

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 and down) in accordance with the imported prices of petroleum prices.

jwilson@barbados.gov.bb

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