Effective midnight, Sunday, March 5, the price of gasoline will decrease and the prices of diesel and Liquefied Petroleum Gas (LPG) will increase.
According to a statement from the Division of Energy, the retail price of gasoline will fall from $2.98 to $2.96 a litre, a decrease of two cents. The price of diesel will increase by four cents from $2.17 to $2.21 per litre, while the price of kerosene remains unchanged at $1.13 per litre.
The new retail price of the 100 lb cylinder of LPG will move from $147.04 to $153.85. The 25 lb cylinder will cost $43.56, up from $41.86, while the price of the 22 lb cylinder will be $38.50, up from $37. The price of the 20 lb cylinder moves from $33.64 to $35. These amount to increases of $6.81, $1.70, $1.50 and $1.36 respectively.
The adjustments in retail prices are due solely to changes in the CIF (cost, insurance, freight) of these refined products.