The retail price of gasoline and diesel will rise and the price of kerosene fall from midnight, Sunday, December 4.
The price of gasoline will be adjusted from $2.84 per litre to $2.91 cents per litre, an increase of seven cents, while the new price of diesel will be $2.12, up from $2.07, a five cents increase. Kerosene will now be six cents cheaper per litre, moving from $1.06 to $1.00 per litre.
Meanwhile, the retail price of Liquefied Petroleum Gas (LPG) has also risen. The 100 lb cylinder, which previously sold for $134.37, will now retail at $147.68. The price of the 25 lb cylinder has increased from $38.69 to $42.02, while the 22 lb cylinder will now be sold at $37.14, up from $34.21. The new price of the 20 lb cylinder is $33.77.
The new prices represent increases of $13.31 per 100 lb cylinder; $3.33 per 25 lb cylinder; $2.93 cents per 22 lb cylinder; and $2.67 per 20 lb cylinder.
These adjustments in retail prices are due solely to changes in the CIF (cost, insurance, freight) of these refined products.