Barbadians will pay less for gasoline, diesel and kerosene, effective midnight, Thursday, December 24.

The retail price of gasoline will drop from $2.78 per litre to $2.71, while diesel will move from $2.07 per litre to $1.89.

Kerosene will now retail at $0.95 per litre, down from $1.02 per litre.

These new prices represent decreases of seven cents, 18 cents and seven cents on gasoline, diesel and kerosene, respectively.??

According to the Division of Energy, this adjustment in retail prices is due solely to an adjustment in the CIF (cost, insurance and freight) of these refined products.

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