Gas prices lowest in five years

gas pricesDirector of Trade, Matthan Walter has said customers in Dominica are presently experiencing the lowest drop in gas prices in five years.

New prices came into effect on the island earlier this week.

The price for gasoline now stands at $9.16 a gallon, a drop of 52 cents from the original price.

The price for a gallon of diesel dropped by 84 cents to $7.74, while a gallon of kerosene dropped by 69 cents to $6.58

“In 2008, we were experiencing highs in the price of fuel of up to $16.35 a gallon, so it has been the lowest that we have had prices in more than five years,” Walter explained.

He stated that the drop in prices has to do with the “downward movement where the price of the US barrel of oil is concerned.”

“It moved from a previous average of about $32.73 last adjustment period to now $30.43, so that would be reflected in the postings that we use to determine the new prices for those particular products,” he noted.

Walter, however, pointed out that there has been an increase in the Liquid Petroleum Gas (LPG) across the board.

“For the LPG, the cooking gas as they call it, there were increases across the board…not large increases but there were increases,” he stated. “For the 20 lbs cylinder there was an increase by 17 cents to $23.50, for the 27.5 lbs cylinder, there is an increase from 23 cents, so it’s now $31.93. For the 30 lbs cylinder, there is an increase of 25 cents, so it’s now $34.74 and for the 100 lbs cylinder there is an increase of 85 cents, so the new price would be $112.48 cents…”

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23 Comments

  1. jim jones
    March 5, 2016

    the price of gas in new york is 2.27us

    • Tjebe Fort
      March 7, 2016

      That is for a U.S. gallon, don’t forget we use Imperial gallons but your point is made. We should be at U.S. prices if not below. Govt. determines our price, there is no competition so I say it is Govt. allowing people to make a fat profit, including themselves. The Baroness is right, we must suck salt.

  2. I am Purple
    March 4, 2016

    Yeh because in Antigua it’s $11.00 and light bills are sky rocketting.

  3. De Same M-G
    March 4, 2016

    We pay $1.35 US, $9.16 EC in Dominica is still too high. That’s double the equivalent. Delivery charges or not, this is too high. The government collects $2.00 on every gallon, they should remove this, and give the people some real savings.

    Im just saying

    • De Same M-G
      March 4, 2016

      correction, that’s triple the equivalent.

      • Zandoli
        March 4, 2016

        If you have nothing intelligent to say, be quiet.
        You want to compare prices in a country of 330 million people with their economies of scale and massive amount of competition and a little island of 70,000 people with a few gas stations that sell a few gallons a day?

  4. jungle
    March 4, 2016

    These nominal lower price settings in no way reflect the much greater decline in the price of petroleum.

  5. syncronize
    March 4, 2016

    So why liquid petroleum gas is negatively affected. Gas is gas, all prices should go down. I vex. Everything is expensive in this country. There is o price control. The only area probably that has a little transparency they still messing around with the price

  6. lightbulb
    March 4, 2016

    so why bus fare stays up??

    why the bus drivers not protesting to lower the price of the bus fare??

    • how i see it
      March 4, 2016

      because the price of the parts still high and your good road is not going to get better anytime soon you people just keep looking at the small man and think they should never get any where in business

  7. Hmmm
    March 3, 2016

    It’s about time!!!!

  8. Face the Facts
    March 3, 2016

    Gas prices go up and down all the time. Make the most of it. If it increases as it will in time, do not complain.

  9. concerned citizen
    March 3, 2016

    i wonder about the transportation fees. Now that fuel price is down will the travel fees be lowered?

    • just saying
      March 7, 2016

      oh hell to the no.not them greedy bus drivers there that will ever go down on their prices.

  10. BEB.
    March 3, 2016

    While we look forward for the decrease of petrol, this means that more money will remain in the consumer’s pocket. If one will reflect back then when crude oil was selling on the open market for a little over $100.00 a barrel, we were paying a little over $16.00 for a gallon of petrol, now if one would do the maths, we would know that the oil has been slashed by a little under a third. Now we could be paying a little less for petrol. I know that we do not produce oil but clearly some one is making a little too much on the backs of the consumers.

  11. Just Blaze
    March 3, 2016

    Bus drivers must be smiling now. Make sure all you save some money making pots and pans so when it goes up again all you don’t have to strike and protest.

  12. Nature Rose
    March 3, 2016

    Well Daa! Mr. Trade director, the price of petrol should be much lower locally since the price of a barrel of crude oil is now US$30.43. Why are we still paying over US$3.00 per gallon? Also why isn’t this reduction reflected in the cost of transportation and the cost of electricity? We are paying the same bus fares and the same electricity bills as when gas was $16 plus. Mr. Director of Trade, please do something about that and release the pressure on us Dominicans.

    • Barbara Saunders
      March 4, 2016

      Boy!

      Are we hard to please! We complain about everything, we want all kinds of development but seem to resent the payment of all taxes and duties. I guess development will come about by using monies raised by tax payers in other countries and then even that we will complain about because we are then seen as beggars.

      I certainly don’t want to be anywhere close to being part of any government in this new Dominica. Those aspiring had better brace themselves because expectations are going to be even higher among the population because they constantly give the impression that they can fix all woes. Good luck guys!

  13. Again
    March 3, 2016

    Hurray for Doctor Skerrit
    He caused the price of oil on the world market to drop once again!

    Hurray to the great leader

  14. Business Minded
    March 3, 2016

    The US stock market has been taking a beating since September last year due to the drop in oil prices. How comes the lower prices are only now taking effect on the island? There should be a better explanation than what was give. Was someone bleeding the citizens all along? The US and OPEC have been trying to get their acts together, and the prices are about to head straight back up. Will the prices remain lower in Dominica -for the relative period from September – when the price goes back up?

  15. question man
    March 3, 2016

    so why bus passage not going down too?

  16. rejoicing
    March 3, 2016

    I would like to thank the Government of Dominica for lowering the gas prices. Light bills will go down and business will increase.

  17. Me
    March 3, 2016

    Thank you. When are our electricity prices going down?

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