Government announces reduction in cost of Petroleum products

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A RUBIS GAS STATION IN DOMINICA
Rubis Gas Station in Dominica

Roseau, Dominica- September 06, 2022: The Ministry of Trade, Commerce, Entrepreneurship, Innovation, Business, and Export Development, after the review of petroleum product prices of Gasoline, Diesel, and Kerosene for this regulatory cycle, has recommended changes in the prices. Cabinet has therefore approved a reduction in prices as follows:

With immediate effect, the new price for gasoline is $16.38 per gallon, a reduction of $2.28 per gallon. The price of diesel has been reduced by $0.76 to $16.37 per gallon and kerosene has been reduced by $0.77 to $15.90 per gallon. Notwithstanding these price decreases, the Government of Dominica will continue to apply measures to cushion the impact of increased petroleum product prices until the retail price of each product returns to below EC $15.00 per gallon.

This includes:

1. A waiver of the Customs Service Charge on Gasoline and Diesel (High Sulphur Diesel (HSD) and Ultra- Low Sulphur Diesel (ULSD)); and

2. A subsidy on the Landing Cost of Gasoline and Diesel amounting to EC$ 0.85 per gallon on Gasoline and EC$ 0.21 per gallon on Diesel. In the absence of these interventions by the Government of Dominica, the retail prices for these products would have been as follows: Gasoline EC$ 18.08 and Diesel EC $17.35

The Government remains committed to taking measures that will cushion the impact of globally affected prices on the consuming public.