Petroleum Products Price Notice

PR – The General public is hereby informed that effective, Thursday, January 18th, 2024, the retail prices  of petroleum products (Gasoline, Diesel, Kerosene and Liquefied Petroleum Gas, (LPG), commonly  known as, Cooking Gas) in the State of Grenada will be as follows: 

GRENADA, CARRIACOU, AND PETITE MARTINIQUE 

Products Old Price New Price Price Change 

Gasoline $14.78 $14.51 $0.27 decrease 

Diesel $15.80 $14.91 $0.89 decrease 

Kerosene $12.37 $11.63 $0.74 decrease 

GRENADA 

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

20 lbs. Cylinder $40.00 $40.00 No Change 

100 lbs. Cylinder $257.25 $252.65 $4.60 decrease 

Bulk $2.65 $2.60 $0.05 decrease 

CARRIACOU AND PETITE MARTINIQUE 

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

20 lbs. Cylinder $49.00 $49.00 No Change 

100 lbs. Cylinder $280.25 $275.65 $4.60 decrease 

Bulk $2.65 $2.60 $0.05 decrease

Notes: 

  • Effective January 18, 2023, a petrol tax of $3.50 is charged per imperial gallon of gasoline and diesel.
  • Effective January 18, 2023, the price cap of $15.00 on petroleum products has expired. 
  • The Ministry of Finance continues to monitor petroleum product prices and will intervene as necessary if prices exceed $17.00.
  • Petroleum Product Prices of Gasoline, Diesel, and Kerosene within the Tri-Island State of  Grenada are now fully harmonized in line with statements made by the Minister of Finance in the 2023 Budget Speech.
  • The new retail prices are computed based on the average of the actual cost, freight, and  insurance rates for Gasoline, Diesel, and Kerosene however, for LPG, the mean Caribbean postings (Platts) for cost was used over the period November 26, 2023, to December 24, 2023.
  • Petroleum products are price-controlled goods; therefore, no retailer shall vary the stated prices.

Consumers are strongly encouraged to immediately notify the Price Control/Consumer Affairs Unit in the Ministry of Legal Affairs of any instance of overpricing at telephone number: 440-1369.