Grenada: The retail costs of Gasoline and Diesel will likely be lowered by $0.83 and $0.55 from Monday onwards in Grenada. Within the revised version of the costs of petroleum merchandise, the federal government stated that there could be no change within the value of Kerosene.
The costs of LPG (Cooking Gasoline) have additionally been introduced for Grenada and the states- Carriacou and Petite Martinique.
Grenada, Carriacou and Petite Martinique
The brand new value of Gasoline will likely be $14.78 in three of the states, nonetheless, the previous value was $15.61. Then again, clients should pay $15.80 for the diesel in these states. The previous value was $16.35.
The federal government of Grenada introduced that there isn’t any change within the value of Kerosene so it’s going to stay $12.37.
Grenada- LPG (Cooking Gasoline)
The worth of 20lbs Cylinder has not modified within the revised version and it’ll stay $40.00. On the similar time, the 100lbs Cylinder will value $257.25 from Monday onwards. Grenada will witness $8.15 decline in its value because the previous value was $265.40.
Whereas coming to Bulk, there’s additionally a decline of $0.10 in its value in Grenada. Now it’s going to value $2.65 to the shoppers.
Carriacou and Petite Martinique
For Carriacou and Petite Martinique, the worth 20lbs cylinder will likely be $49.00 and there’s no change from the previous value. The 100lbs Cylinder will value much less to the client as the brand new value has declined by $8.15. The price of the cylinder is $280.25.
The Bulk will value $2.65 as there’s a decline of $0.10 within the value.
Notably, the federal government of Grenada has applied a petroleum tax from January 18, 2023. A tax of $3.50 is charged per imperial gallon of gasoline and diesel. Even, the worth cap of $15.00 on petroleum merchandise has additionally expired.
The Ministry of Finance stated that they’re monitoring the petroleum merchandise costs and can intervene as vital if costs exceed $17.00.
The brand new costs of petroleum merchandise are computer-based on the common of precise value, freight, and insurance coverage charges for Gasoline, Diesel, and Kerosene, nonetheless, for LPG, the imply Caribbean postings for value was used over the interval October 28, 2023, to November 25, 2023.
