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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.

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