The Ministry of Trade and Commerce has regulated and announced the following retail prices for petroleum products in Dominica.
According to Director of Trade, Matthan J. Walter, during a statement issued on Monday, the prices are as follows, “Gasoline $16.47, diesel $16.58, [and] kerosene $16.57.”
He reported that these prices were kept lower than they usually would have been due to Government intervention by way of two subsidies.
“Subsidy one is the waiver of the customs service charge and subsidy two, the application of a subsidy on the landing cost for both gasoline and diesel,” he explained. “Without those subsidies, the price of gasoline and diesel would have been as follows in the Commonwealth of Dominica, gasoline $17.45 and diesel $17.17 respectively.”
Furthermore, he stated that in the neighbouring Caribbean islands of St Lucia and St Kitts & Nevis, the prices of those products are as follows: “In St Lucia gasoline is $17.95 and diesel is also $17.95per gallon.”
“In St Kitts & Nevis, the price of gasoline is $17.83 and $18.88, because they have two different suppliers of that product … and the price of diesel is $21.72 per gallon,” Walter indicated.
He told citizens that the increase in prices is now the new reality.
“It has to be remembered that where those products are concerned, Dominica and other Caribbean countries and across the globe are price takers and not price makers,” Walter stated. “We, in Dominica especially, are not producers of any petroleum products.”
He urged prudence in livelihood choices and an adaptation to the current realities to ensure “our sustained comfort.”
Walter added that the Government of Dominica will continue to work towards easing the burden of this new reality on citizens.
He expressed that the good news, however, is that the country is experiencing a decrease in the retail price of Liquefied Petroleum Gas (LPG).
According to Walter, this is due to the warm summers that are giving rise to more external, outdoor activities. As a result, less gas is being used in the heating of homes and there’s a greater supply on the market. This in turn has caused the price of the product to go down.
“And so, in Dominica, a 20lb cylinder is now $36.62, which is a decrease of $2.91,” Walter explained. “The 27.5lb cylinder is $49.98, a decrease of $4.00; the 30 lb cylinder is $54.43 a decrease of $4.37 and the 100lb cylinder is $178.10, a decrease of $14.56. So, we have decreases across the board in LPG to the benefit of our consumers on the ground.”
Walter gave the assurance that the government will continue to work, within the context of the current reality, to ensure accessibility to utilities and accessibility also to the necessary products on the shelves.
“And we will do that by working collaboratively with our private sector, importers and distributors, and also our utility providers in Dominica,” he declared.
Walter concluded that the aim is to ensure that regardless of the difficulties in these times, the country’s citizens can continue to have a comfortable way of life.