The Government of Dominica has approved a reduction in the prices of petroleum products after a review of prices for the regulatory cycle November 27-December 15.
Effective December 27, 2023, the new retail price for gasoline is $13.91 per gallon, a reduction of $0.34 or 2.4%. The price of diesel has been reduced to $13.41 per gallon by $0.89 or 6.2% and kerosene to $11.32 per gallon, a reduction of $1.41 or 11%.
| Product | Change (-) | Current Price | New Price |
|---|---|---|---|
| Gasoline | $0.34 per gallon | $14.25 per gallon | $13.91 per gallon |
| High Sulphur Diesel | $0.89 per gallon | $14.30 per gallon | $13.41 per gallon |
| Kerosene | $1.41 per gallon | $12.73 per gallon | $11.32 per gallon |
The decrease in commodity prices is based on an increase in US crude production which has resulted in a surge in inventory available on the market.
The Government of Dominica will continue to implement measures to mitigate inflation and cushion the impact of adverse market forces on consumers.
This article is copyright © 2023 DOM767
