Petroleum Price Change Effective January 28, 2013

Standard

In keeping with the scheduled review of prices under the modified market pass-through system for fuel, effective Monday, January 28, 2013, the prices of the following fuel products in Saint Lucia will remain unchanged as follows:

PETROLEUM PRODUCTS RETAIL PRICES
Gasoline $3.41  per litre or $15.49 per gallon
Diesel $3.38  per litre or $15.36 per gallon
100 Pounds Cylinder LPG $269.48 per 100 pound cylinder
20 Pound Cylinder LPG $34.20 per 20 pound cylinder
Bulk LPG $5.92  per kilogram

However, the price of kerosene will increases from $2.72 to $2.77 per litre.

Based on the above prices, the government is continuing to subsidize the 20 pound cylinder of cooking gas (LPG) at a rate of $18.30 per cylinder for the next three months. This is projected to cost the government roughly $2.8 million for that period.

Government continues to subsidize the 20 pound cylinder of cooking gas (LPG)

Government continues to subsidize the 20 pound cylinder of cooking gas (LPG)

Fuel prices in Saint Lucia compares favourably to current prices in the Eastern Caribbean countries for most products. The table below shows the fuel prices (in EC$) for the various Caribbean countries as of Friday, January 25, 2013:

Country

Gasoline

Diesel

20lb LPG

100lb LPG

Per Imperial Gallon

Per Cylinder

Antigua & Barbuda

$14.99

$15.20

$32.00

$155.00

Anguilla

$18.31

$14.15

$59.00

$228.00

Dominica

$14.33

$14.26

$33.58

$162.92

Grenada

$15.61

$15.56

$45.00

$269.49

Montserrat

$17.50

$13.45

$38.20

$191.00

St. Kitts & Nevis*

$15.50

$16.00

$30.00

$140.00

St. Lucia

$15.49

$15.36

$34.20

$269.48

St. Vincent & the Grenadines

$15.06

$13.78

$41.80

$197.00

*Average of Sol EC Ltd and Delta.

The public is further notified that the next price change will be due on April 22, 2013.

End.

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