Govt of Saint Lucia announces LPG Fuel Price 

Castries, Saint Lucia: As of Monday, January 1, 2024, the Government of Saint Lucia has taken certain steps in LPG fuel prices that are in keeping with the changes that have been seen in the international oil market.

It is to be noted that the Government has passed the pricing through a petrol pricing mechanism so as to adjust the price range appropriately. The retail price of Gasoline, Kerosene, Diesel, and the LPG 20lb and 22lb cylinders remains unchanged.

– Diesel remains unchanged at $3.63 per litre or $16.50 per gallon

– Kerosene remains unchanged at $2.58 per litre or $11.72 per gallon

– Gasoline remains unchanged at $3.63 per litre or $16.50 per gallon

The 20lb cylinder (9.07 kg) is being subsidized at $16.64 per cylinder, and the 22 lb cylinder (9.98kg) is being supported at $18.31 per cylinder.

– 22 Pound Cylinder (9.07kg) remains unchanged at $39.30 per cylinder.

– 22 Pound Cylinder (9.98 kg) remains unchanged at $43.22 per cylinder. 

– Bulk (Wholesale) LPG decreased from $2.75 per pound to $2.67 per pound.

– 100 Pound Cylinder (45.36kg) decreased from $288.43 to $279.68 per cylinder.

Importantly, the citizens are informed that the next adjustment of the retail price of fuel products will be settled on Monday, January 22, 2024.

Additionally, the Government of Saint Lucia, led by Prime Minister Philip J Pierre, paid approximately $15,05 for every 20 LBS cylinder of Liquified Petroleum Gas (LPG) to its consumers in 2023.

It is to be noted that the Government of Saint Lucia has shared this update through their official social media handle (Facebook).

Notably, the Government contributed an average of $16.55 as a retail price for 22 LBS cylinders.

“In 2023, the Government of Saint Lucia, led by Prime Minister Hon. Philip J Pierre, paid an average of $15,05 for every 20lbs cylinder of liquified petroleum gas (LPG) for every consumer. And, every time you bought a 22lbs LPG cylinder, the Government contributed an average of $16.55 towards the retail price”, the Saint Lucian government stated.

Further, for the period from April 1 to December 2023, the Government is estimated to spend $8.10 million on subsidies for LPG. Noting this, these increased subsidy rates have kept the retail prices of 20 pounds and 22 pounds for LPG cylinders.

Those prices were affordable for the average Saint Lucian household, and it prevented excessive price increases.

“For the period April 1 – December 2023, the Government is projected to spend $8.10 million on subsidies for LPG. These elevated subsidy rates have successfully kept the retail prices of the 20lbs and 22lbs LPG cylinders affordable for the average Saint Lucian household and averted exorbitant price hikes”, the Government of Saint Lucia added.