Fuel prices remain unchanged

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.

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.