(Stock Photo)

The retail price of gasoline will fall and the price of diesel and kerosene will rise from midnight, Sunday, January 1, 2017.

The price of gasoline will be adjusted from $2.91 per litre to $2.78 per litre, a decrease of 13 cents. Diesel will now be sold at $2.15 per litre, three cents up from $2.12, while the price of kerosene will move from $1.00 per litre to $1.04, an increase of four cents.

Meanwhile, the retail price of Liquefied Petroleum Gas (LPG) has  dropped. The 100 lb cylinder, which previously sold for $147.68, will now retail at $129.28.  The price of the 25 lb cylinder has decreased from $42.02 to S37.42, while the 22 lb cylinder will now be sold at $33.10, down from $37.14.  The new price of the 20 lb cylinder is $30.09.

The new prices represent decreases of $18.40 per 100 lb cylinder, $4.60 per 25 lb cylinder, $4.04 per 22 lb cylinder, and $3.68 per 20 lb cylinder.

These adjustments in retail prices are due solely to changes in the CIF (cost, insurance, freight) of these refined products.


Pin It on Pinterest