Saturday, June 22, 2024
Advertise Here
HomeBusinessReduction in fuel prices effective December 27, 2023

Reduction in fuel prices effective December 27, 2023

Roseau, Dominica- December 22, 2023: The Government of Dominica has approved a reduction in petroleum product prices after reviewing prices for the regulatory cycle November 27-December 15.

Effective December 27, 2023, the new retail price for gasoline is $13.91 per gallon, a reduction of $0.34 or 2.4%. The diesel price has been reduced to $13.41 per gallon by $0.89 or 6.2% and kerosene to $11.32 per gallon, a reduction of $1.41 or 11%.

Petroleum

Products

Fuel Prices

Change (-)                Current Price                New Price

Gasoline -$0.34 per gallon           $14.25 per gallon        $13.91 per gallon

High Sulphur

Diesel- $0.89 per gallon           $14.30 per gallon        $13.41 per gallon

Kerosene – $1.41 per gallon           $12.73 per gallon        $11.32 per gallon

The decrease in commodity prices is based on an increase in  US  crude production, resulting in a surge in inventory available on the market.

The Government of Dominica will continue to implement measures to mitigate inflation and cushion the impact of adverse market forces on consumers.

RELATED ARTICLES