Petroleum Product Prices To Increase

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Effective midnight, Sunday June 10, consumers will be paying more for gasoline, diesel and kerosene.

The retail price of gasoline will rise from Bds $3.40 per litre to Bds $3.60 per litre, reflecting an increase of $0.20. Diesel will cost Bds$2.80 per litre up from $2.61, an increase of $0.19. Kerosene will retail at Bds$1.55 per litre up from Bds $1.46 per litre, an increase of $0.9.

Liquefied petroleum gas (LPG) prices will also be increased. The 100 lb cylinder will retail at Bds$162.81 up from Bds$162.39. While the price of the 25 lb cylinder will move from Bds$45.70 to $45.80. The 22 lb cylinder will now cost Bds$40.47 up from Bds$40.38; and the 20 lb cylinder will retail at Bds$36.79, up from Bds$36.71.These new prices reflect increases of $0.42, $0.10, $0.09, and $0.08 respectively.

The adjustments in the retail prices of these products are in keeping with Government’s policy to allow retail oil prices to be reflective of those on the international market.

nya.phillips@barbados.gov.bb

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