December 4, 2022

Caribbean Broadcasting Corporation

The most credible news source in Barbados

Consumers paying less at the pump

October 3rd, 2022

Consumers are paying less for all petroleum products from midnight, Sunday, October 2.

The price of gasoline dropped to $4.14 per litre, a decrease of 12 cents, while diesel is now $3.90 per litre, a reduction of four cents. Kerosene dropped by two cents and cost $2.14 per litre.

The retail price of the liquefied petroleum gas will now be $169.63 for the 100-lb cylinder; $47.51 for the 25-lb cylinder; $41.97 for the 22-lb cylinder, and $38.16 for the 20-lb cylinder.

Government has capped the retail prices of gasoline and diesel at $4.48 per litre and $4.03 per litre, respectively, to bring some level of predictability to the retail prices, and shield consumers from the full increase of refined petroleum products. When calculated, the retail prices fell below the cap of the gasoline and diesel.

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