Drop in gas prices
Mon, 08/08/2016 - 12:00am
Consumers will now be paying less for gasoline, diesel and kerosene, as well as liquefied petroleum gas (LPG).
From midnight, Sunday, August 7, the retail price of gasoline moved from BDS $2.93 per litre to BDS $2.85, a decrease of eight cents per litre. The price of diesel dropped from BDS $2.07 per litre to BDS $2.04, a saving of three cents. Kerosene is now 98 cents per litre, down from BDS $1.03.
Meanwhile, liquefied petroleum gas (LPG) will retail at BDS $135.27 per 100 lb cylinder, down from BDS $136.99, a decrease of $1.72. The price of the 25 lb cylinder has dropped from $39.35 to $38.92, a decrease of 43 cents, while the 22 lb cylinder will now cost $34.41, down from $34.79, which is 38 cents less. The new price of a 20 lb cylinder is $31.28, which is 35 cents cheaper.
These adjustments in retail prices are due solely to changes in the CIF (cost, insurance and freight) of these refined products.