Tuesday 7 July, 2020

Cooking gas price falls as gasoline, diesel remains unchanged

Managing Director of Carro’s Kitchen, Dennis Leo welcomes a decrease in cooking gas, which takes effect today, Monday, May 18, 2020.

“In the time we living there, anything that is going to be reduced in some way will help a lot,” the restaurant owner declared.

20-pound cylinder decreased from $27.24 to $26.19 per cylinder, saving consumers $1.05.

22-Pound Cylinder decreased from $29.96 to $ 28.80 per cylinder, saving $1.16.

100-Pound Cylinder decreased from $158.31 to $147.71 per cylinder, saving $10.60.

Leo explained that all cost that is incurred by the business is passed on to the customers.

“So when you do not have to do that, the customer feels more comfortable, the customers’ financial resources are less stretched and they feel more at ease in terms of making purchases because they have more financial and fiscal power. Whatever little reduction in the LPG augurs well for food production, I think it is an awesome gesture,” Leo lamented.

The reduction in the LPG prices, according to the Ministry of Commerce, is in keeping with changes in international oil prices and Government’s application of the modified market pass-through petroleum pricing mechanism.

Despite the reduction in LPG, the price of gasoline, kerosene and diesel remains unchanged.

  • Gasoline remains unchanged at $2.53 per litre or $11.50 per gallon
  • Kerosene remains unchanged at $1.57 per litre or $7.15 per gallon
  • Diesel remains unchanged at $2.62 per litre or $11.92 per gallon

The next adjustment of the retail price of fuel products will be on Monday, June 8, 2020.

Get the latest local and international news straight to your mobile phone for free: