New Petroleum Prices Effective May 17

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Effective midnight Sunday, May 17, the retail price of gasoline and diesel will increase, while the price of kerosene will fall.

According to a statement from the Division of Energy, the price of gasoline will move from $3.02 per litre to $3.08 per litre, while the price of diesel will increase by one cent from $2.30 per litre to $2.31 per litre.

The price of kerosene will now be $1.18, down from $1.21.??Meanwhile, the price of liquefied petroleum gas (LPG) has also risen from $155.75 per 100 lb. cylinder to $159.51 per 100 lb. cylinder.

The 25 lb. cylinder will increase by 94 cents from $44.04 to $44.98, while the 22 lb. cylinder will move from $38.92 to $39.74. There will be a 75 cents increase on the 20 lb. cylinder which will now retail for $36.13.??These adjustments in retail prices are due solely to changes in the CIF (cost, insurance, freight) of these refined products.

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