Petroleum prices fall

Barbadians will be paying less for gasoline, diesel, kerosene and liquefied petroleum gas from midnight tonight.

The retail price of gasoline will move from Bds$3.00 per litre to Bds$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 lb 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)

17 Responses to Petroleum prices fall

  1. Akeem Thompson
    Akeem Thompson June 4, 2017 at 11:20 pm

    We don’t use single cents any more

    Reply
  2. Greengiant June 4, 2017 at 11:31 pm

    Now this is working, we are benefiting from price reductions when the import price falls, and paying more when it increases. No credit to the government though, we can’t be one sided.

    Reply
  3. Kevin Cave
    Kevin Cave June 5, 2017 at 12:15 am

    These people think them real smart, wanna can do better than that.

    But everytime we get 2 cent off, wanna does come back and put on 6 cent, so I gine keep a close eye on wanna.

    Reply
    • Raheem Griffith
      Raheem Griffith June 5, 2017 at 1:40 am

      Lol I knew someone would say this

      Reply
    • Big Man June 5, 2017 at 1:14 pm

      Kevin bwoy a close eye is also been kept on you also

      Reply
  4. outsider lookin in June 5, 2017 at 12:27 am

    Next month it will go up thanks to MOF

    Reply
  5. Michael Clarke
    Michael Clarke June 5, 2017 at 12:58 am

    These blasted tricksters so smart making ya feel that them doing something but in the next two to three weeks the price will go back up over three dollars

    Reply
  6. Tony Webster June 5, 2017 at 5:53 am

    Trust…but verify. Hmmm….cud just fry dem.

    Reply
  7. Jason
    Jason' UncleBen 'Parris June 5, 2017 at 6:13 am

    If they go back to 2007 gas prices , that would be great.

    Reply
  8. Peter June 5, 2017 at 7:35 am

    This really surprises me I didn’t expect such a big drop. This is frightening. like Halloween….. Trick or treat. Ring de bell! ring de bell!

    Reply
  9. Miguel Carlos Jose Humphrey
    Miguel Carlos Jose Humphrey June 5, 2017 at 7:53 am

    What amazes me is that people actually believe that the CIF has anything to do with the price fluctuations at the level of increase or reduction at the pump to the consumer.

    Reply
  10. harry turnover June 5, 2017 at 8:57 am

    “the price of diesel will drop from $2.15 per litre to $2.13 per litre.”….but when you round off $ 2.13 it would become $ 2.15
    So diesel remains the same.
    Didn’t expect such a big drop either since around March/April the price of Gasoline was $2.98

    Reply
  11. Milli Watt June 5, 2017 at 9:20 am

    enjoy it for the month of June going deal with all you all next month. Bare sport making at consumers AGAIN!!

    Reply
  12. Richard Johnston June 5, 2017 at 12:01 pm

    Why does Barbados need to pay bureaucrats do perform a function the market handles perfectly well?

    Reply
  13. Ray Yearwood June 5, 2017 at 1:26 pm

    What will the Price of the 50lb LPG Cylinders?
    Why is it everytime the price of Gas falls or rises their isnt any mention of the 50lb LPG Cylinders?
    These are also Sold too.

    Reply
  14. Gittens Hallam
    Gittens Hallam June 5, 2017 at 3:22 pm

    It does really amuse me how quickly insurance does fall on and how it does go up, I hope someday that the insurance company that does insure the ships that bring the gas find out that the assholes that running the government tricking John public cause it’s I’m possible that so quickly insurance goes down

    Reply
  15. Belfast June 5, 2017 at 11:07 pm

    What happens after the 1st of July when Diesel and Petrol are priced according to the recent budget. Will we still be subjected to these price changes which go up and down like a Bush Hill operator’s bloomers?

    Reply

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