Petroleum product prices to go down

pumpsEffective Monday, September 14, 2015, the Dominican public will enjoy a significant reduction in the price of all petroleum products, Director of Trade, Matthan Walter, has revealed.

The price for gasoline will go by $1.37 and there will be reductions for diesel, kerosene and LPG.

Walter said the reason for the reduction is the drop in gas prices on the world market.

He noted that the reduction will be welcomed by consumers on island.

“Effective Monday September 14th 2015 there will be a reduction across the board in the prices of all petroleum products meaning gasoline, kerosene and diesel and also LPG products,” he said. “For example for gasoline there will be a reduction by $1.37, for diesel by 70 cents and for kerosene by 71 cents.”

Walter continued, “This is simply because of the fact that over the last four weeks we have seen a reduction in the barrel price for oil from $48.88 cents to $43.04. So Dominicans are going to enjoy that decrease in those particular products.”

Reduction in LPG is as follows:

-20-pound cylinder by .30 cents
-27.4-pound cylinder by .40 cents
-30-pound cylinder by .43 cents
-100-pound cylinder by $1.46

Meantime Walter mentioned that Dominicans are going through a very difficult time now in more ways than one, “so any kind of relief that is being proffered must be very well welcomed.”

“We also know that fuel plays a very important part in the lives of all, for cooking, for transportation from one point to the next,” he said.

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14 Comments

  1. UDOHREADYET
    September 11, 2015

    The smart thing to do would be to purchase large quantities at this lower price to buffer future price increases allowing for a more stable recovery. Basically the Petroleum buyers in Dominica should buy alot more fuel to reserve at that price. so they can keep selling the already bought fuel at the lower price even after the price has increased per barrel on the world market in the future.

  2. I love my pm
    September 11, 2015

    boi d country need money 20 more yrs to rebuild

  3. Observer
    September 11, 2015

    At Manifestation. You are pathetic: what an idiotic statement.

  4. BEB
    September 10, 2015

    So what about the price at the pumps, are u afraid to coat a price? Remember oil was selling for more than $100.00 a barrel at a certain time, so its less less than half now, what decrease are we going to get?

  5. September 10, 2015

    Not nearly good enough. If anything in Dominica needs deregulation and an end to price controls, this is it.

  6. Billy
    September 10, 2015

    Wooooiiiiii, look jokes.

  7. Juanito
    September 10, 2015

    .40….30…43 cents you cal this relief? :lol: :lol: :lol: :-| that must be a joke!!

    • September 10, 2015

      add it up and you will see

  8. TK THOMAS
    September 10, 2015

    In Australia the petrol is a $1 30 for a litre I drive a Toyota rave 4 which $50 give me a full tank tyres cost $150 per tyre $751 For a year registration and $60 per month insurance, cars cost money but having a job that pays well and just a job is all it takes ….

  9. Manifestation of Dogs in the system
    September 10, 2015

    Continuation:
    Gas and other petroleum to go down my big Toe!.where are we gonna drive to. When construction or reconstruction begins will the prices be down still? Moreso who’s gonna get the contracts Wang Ping Doo construction of China. Remmebr they come with their crews dump-trucks etc.
    The USA is about to take in 75000 refugees isn’t that more than the population of DA lol! If U get my drift.
    There are houses in ruins in DA abandoned by their owners since 1979.
    What’s gonna happen this time?

    • Observer
      September 11, 2015

      At Manifestation. You are pathetic: what an idiotic statement.

  10. Domspice
    September 10, 2015

    I thought the price change take immediate effect. when the price goes up it takes immediate effect but when it has to go goes down it is delayed.

    Shame, shame

  11. Manifestation of Dogs in the system
    September 10, 2015

    First, He was minister then retire automatically he is: Director of Trade, If so why defend the unequal distribution of goods from the hurricane relief?
    Now with so much of the infrastruction disrupted( cooking gas etc apart can we drive anywhere? So this is obviously wrong timing. Ask Ivor Fontaine, Mc Marie Larzar etc all the economic geniusesor fools ur choice if this has any utility to be derived.
    We are working in reverse hence well screwed as a nation.
    I often wonder if we coming or going. Just look at UWP in 1995 election.Their theme song UWP is coming(was) they came and what it was a fast/quick political orgasm.DA was left unsatisfied can LL do better?in 2018? Eugenia et Al took advantage of the distress and lasted 15 yrs.Medard is already there will he are they using it? Looks so to me.
    I have not seen any mention of Dr.Willy Athie etc whowere active in 79 OJ made an appearance.Willie Fevrier( John Fabian Pierro &Rosie are dead..so are Maynard Lestrade and many others.

    • M
      September 11, 2015

      PLEASE READ!! ” Director of Trade, Matthan Walter,” Matthew Walter was the minister, MATTHAN WALTER is the director of trade.

      If the rest of your post made any sense I would not know because that first line just nullifies it.

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