Adjustment to petroleum prices for March 2014

ST. GEORGE’S, GRENADA Monday, March 17, 2014: The General public is hereby informed that, effective, Tuesday, March 18, 2014, the retail prices of petroleum products (Gasoline, Diesel, Kerosene and LPG {Cooking Gas}) in the State of Grenada will be as follows:

GRENADA

Products Old Price New Price

Gasoline $15.34/IG $15.80/IG

Diesel $15.06/IG $15.08/IG

Kerosene $12.19/IG $12.55/IG

L.P.G (Cooking Gas): Old Price New Price

20 lbs Cylinder $45.00 $45.00

100 lbs Cylinder $266.59 $270.54

Bulk $2.72/lb $2.76/lb

CARRIACOU

Products Old Price New Price

Gasoline $15.50/IG $15.96/IG

Diesel $15.22/IG $15.25/IG

Kerosene $12.36/IG $12.72/IG

CARRIACOU & PETITE MARTINIQUE

L.P.G (Cooking Gas) Old Price New Price

20 lbs Cylinder $54.00 $54.00

100 lbs Cylinder $289.59 $293.54

Bulk $2.72/lb $2.76/lb

PETITE MARTINIQUE:

Products Old Price New Price

Gasoline $12.49/IG $12.96/IG

Diesel $12.22/IG $12.24/IG

Kerosene $12.35/IG $12.71/IG

The new Retail Prices are computed based on the average FOB costs: that is; (Ex-refinery prices), for the period, 11th February, 2014 to 11th March, 2014.

It important for the public to understand that petroleum prices are likely to remain high since Grenada imports nearly all of its fuel. Consumers are, therefore, urged to act wisely by conserving and using energy efficiently.

Furthermore, consumers are encouraged to immediately notify the Price control/Consumer Affairs Unit in the Ministry of Finance of any instance of overpricing at telephone number 440-1369.