Effective midnight, Sunday, February 5, the retail prices of petroleum products in Barbados will increase.
The price of gasoline will move from $2.78 per litre to $2.98 per litre, an increase of 20 cents per litre. The price of diesel will rise by two cents from $2.15 to $2.17, and kerosene will now retail at $1.13, up from $1.04. Liquid petroleum gas (LPG) prices will also be adjusted from midnight, Sunday.
The price of the 100 lb cylinder will move from $129.28 to $147.04; the 25 lb cylinder will now retail at $41.86, up from $37.42; the 22 lb cylinder will cost $37, up from $33.10; and the 20 lb cylinder will move from $30.09 to $33.64. The changes in price represent increases of $17.76, $4.44, $3.90 and $3.55 respectively.
These adjustments in retail prices are due solely to changes in the CIF (cost, insurance, freight) of these refined products.