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 approved reduction in prices as follows:
With immediate effect, the news price of gasoline is $16.38 per gallon, a reduction of $2.28 per gallon.
The Price of diesel has been reduced by 78 cents to $1637 per gallon and Kerosene has been reduced by 77cents 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 a waiver of the customs service charge on Gasoline and Diesel and Ultra low sulphur diesel and a subsidy on the landing cost of Gasoline and Diesel amounting to 85 cents per gallon on Gasoline and 21 cents per gallon on Diesel.
In the absence of the 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 which will cushion the impact of globally affected prices on the consuming public.