The prices of gasoline, diesel and liquefied petroleum will fall, effective midnight, Sunday, March 6 while the price of kerosene will increase by one cent.
Kerosene will now retail at 81 cents per litre, up from 80 cents while the retail price of gasoline will move from BDS $2.69 per litre to BDS $2.58 and the price of diesel will drop from BDS $1.82 per litre to BDS $1.77.
These represent decreases of 11 cents and five cents respectively on gasoline and diesel.
Meanwhile, liquefied petroleum gas (LPG) will retail at BDS $151.19 per 100 lb. cylinder, a decrease of 34 cents. The price of the 25 lb. cylinder has dropped from $43.16 to $43.08, a decrease of eight cents while the 22 lb. cylinder will now cost BDS $38.07, down from BDS $38.15, which is eight cents less. The new price of a 20 lb. cylinder is BDS $34.61, seven cents cheaper.
These adjustments in retail prices are due solely to changes in the CIF (cost, insurance and freight) of these refined products.