{"id":153487,"date":"2022-06-12T19:00:57","date_gmt":"2022-06-12T23:00:57","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=153487"},"modified":"2022-06-12T20:26:51","modified_gmt":"2022-06-13T00:26:51","slug":"gasoline-prices-are-to-be-increased-from-15-15-to-17-50-this-week","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/gasoline-prices-are-to-be-increased-from-15-15-to-17-50-this-week\/","title":{"rendered":"Gasoline prices are to be increased from $15.15 to $17.50 this week"},"content":{"rendered":"
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PETROL PRICES TO RISE THIS WEEK:<\/p>

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Motorists will pay more at the pumps this week.<\/p>\n

The announcement came from Prime Minister and Finance Minister Hon. Gaston Browne during the Browne and Browne show on Pointe FM Saturday evening.<\/p>

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Gasoline prices are to be increased from $15.15 to $17.50 cents per gallon while diesel prices will be increased from $15.23 to $17.25.<\/p>

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There will be no increase in the price of Liquefied Petroleum Gas or cooking gas.<\/p>\n

The Prime Minister explained this is due to the escalating prices on the international market due to the fall-out from the war in Eastern Europe.<\/p>

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The war has resulted in supply and geopolitical shocks which have in turn affected spot prices.<\/p>\n

Prime Minister Browne noted the government is unable to continue absorbing the level of increase.<\/p>

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However, he said the government will continue to subsidise the transportation and fisheries sectors to tamp down the inflationary impact.<\/p>

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In addition, the government has reportedly taken fiscal measures to cushion the impact of the price build-up.<\/p>\n

Fuel prices have also been increased in other Caricom countries, including St Lucia and most recently, Suriname.<\/p>\n

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