Update on Fuel Prices
The West Indies Oil Company (WIOC) has reported a five (5) per cent increase in the cost of gasoline and a three (3) per cent decline in the cost of diesel.
Based on the refined pass-through mechanism for fuel prices, which takes into account revenue assurance, price stability, and maintenance of subsidies for certain petroleum products, the Government has decided to maintain the retail prices at the pump.
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Effective Wednesday 17, April 2024, fuel prices will be as follows:
- Gasoline: $14.50 per gallon
- Diesel: $14.25 per gallon
- 20 Pound LPG: $32.00 per Bottle
- 25 Pound LPG: $40.00 per Bottle
- 100 Pound LPG: $155.00 per Cylinder
The average regional prices for gasoline and diesel are currently $15.86 and $15.91 respectively while the regional average for the 20 pound and 100 pound cylinder of LPG is $38.66 and $204.18 respectively.
To support affordability for consumers, the Government continues to provide the following subsidies:
- 20 Pound LPG: Subsidy of $5.16 per bottle
- 25 Pound LPG: Subsidy of $6.45 per bottle
- 100 Pound LPG: Subsidy of $17.64 per cylinder
Margins for WIOC, inland transport, and gas station dealers remain unchanged.
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Daahh! The manager of what is nearly a statutory corporation in wioc boss is Gaston himself, who can tell the puppet manager to play facade or mind games announcing he raised fuel price and Gaston lower it. What’s the point, the benefits of tax payers ownership is used against us.
Yet when the price of oil drops, they never lower the price of fuel here. Damn criminals we have in place here.
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