NationNewsNewsPrices fall on petroleum products

Prices fall on petroleum products

THE PRICES OF GASOLINE, diesel, kerosene and liquefied petroleum will fall, effective midnight.

The retail price of gasoline will move from $3.00 per litre to $2.94 per litre, while the price of diesel will drop from $2.15 per litre to $2.13 per litre.

Kerosene will now retail at $1.05 per litre, down from $1.10. These represent decreases of six cents, two cents and five cents per litre respectively.

Meanwhile, liquefied petroleum gas (LPG) will retail at Bds$144.38 per 100-pound cylinder, a decrease of $2.47. The price of the 25-lb cylinder has dropped from $41.81 to $41.19, a decrease of 62 cents, while the 22-lb cylinder will now cost $36.42, down from $36.96, which is 54 cents less.

The new price of a 20-lb cylinder is $33.11, 49 cents cheaper.

These adjustments in retail prices are due solely to changes in the CIF (cost, insurance and freight) of these refined products. (BGIS)