The West Indies Oil Company (WIOC) has reported a one (1) per cent decline in
the cost of gasoline and a nine (9) per cent increase 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 28, February 2024, fuel prices will be as follows:
Gasoline: $13.99 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 $15.36 and $15.88
respectively while the regional average for the 20 pound and 100-pound cylinder
of LPG is $38.58 and $200.36 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.
