(Stock Photo)

Consumers will pay less for gasoline, diesel and kerosene, as well as liquefied petroleum gas (LPG) from midnight, Sunday, August 7.

The retail price of gasoline will move from BDS $2.93 per litre to BDS $2.85, a decrease of eight cents per litre. The price of diesel will drop from BDS $2.07 per litre to BDS $2.04, a saving of three cents. Kerosene will now retail at 98 cents per litre, down from BDS $1.03.

Meanwhile, liquefied petroleum gas (LPG) will retail at BDS $135.27 per 100 lb cylinder, down from BDS $136.99, a decrease of $1.72. The price of the 25 lb cylinder has dropped from $39.35 to $38.92, a decrease of 43 cents, while the 22 lb cylinder will now cost $34.41, down from $34.79, which is 38 cents less. The new price of a 20 lb cylinder is $31.28, which is 35 cents cheaper.

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


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