There has been another increase in the price of Liquefied Petroleum Gas (LPG).
Effective midnight, Tuesday, December 8, the retail price of LPG per 100-pound cylinder will be increased from $142.65 to $147.99.?? The price of the 25-pound cylinder will go up by $1.34 cents, and will now be retailed at $39.59, while the 20-pound cylinder will now cost $31.67 – an increase of $1.07.??
Government has a mechanism in place to adjust petroleum prices in a more timely fashion, whereby prices will be adjusted monthly by the Ministry of Economic Affairs, Empowerment, Innovation, Trade, Industry and Commerce on the advice of the Division of Energy.
This mechanism is now in use and price changes will be more frequent (i.e. up and down) in accordance with the imported prices of petroleum products.