Grenada experiences hike in fuel prices

Published 2024-02-20 11:08:03

Updated 2024-07-07 15:56:44

Grenada experiences hike in fuel prices (Representative Image)

Citizens of Grenada have been told to expect a rise in the prices of diesel, kerosene and gasoline as prices have gone up recently. A similar increase in the price of 100lb cylinders of cooking gas has also been applied.

From Sunday, 18^th February, 2024 onwards, the Ministry of Finance’s Petroleum Products Price Notice is considered applicable to the retail prices of major petroleum products including Gasoline, Diesel, Kerosene and Liquefied Petroleum Gas (LPG).The State of Grenada has announced that the following prices will apply to petroleum products, from the aforementioned date onwards:Grenada, Carriacou and Petite Martinique:

Products	Old Prices	New Prices	Price Difference
Gasoline	$14.51	$15.40	$0.89 Increase
Diesel	$14.91	$15.33	$0.41 Increase
Kerosene	$11.63	$11.41	$0.22 Decrease

Grenada:

L.P.G (Cooking Gas)	Old Price	New Price	Price Change
20lb Cylinder	$40.00	$40.00	No Change
100lb Cylinder	$252.65	$261.75	$9.10 Increase
Bulk	$2.60	$2.70	$0.10 Increase

The Ministry of Finance has also stated that it is monitoring the price of petroleum products continuously and is prepared to take action if the price exceeds $17, which will place citizens under undue stress.

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Monika Walker

Monika Walker is a senior journalist specializing in regional and international politics, offering in-depth analysis on governance, diplomacy, and key global developments. With a degree in International Journalism, she is dedicated to amplifying underrepresented voices through factual reporting. She also covers world news across every genre, providing readers with balanced and timely insights that connect the Caribbean to global conversations.